Starbucks has explored a potential takeover of Chipotle as part of a major restaurant deal.
Starbucks reportedly explored buying Chipotle and hired advisers for a takeover. The company has about 23,000 locations and stock fell three percent after the report.
- Starbucks has reportedly explored buying Chipotle Mexican Grill and hired advisers for a takeover proposal.
- Starbucks CEO Brian Niccol previously led Chipotle for more than six years.
- Chipotle has a market value of approximately $39 billion.
- Starbucks stock fell three percent after the report, while Chipotle shares dropped 20 percent over 12 months.
- Starbucks has about 23,000 locations and stated it is focused on its turnaround plan.
Outlets: Der Tagesspiegel, Financial Times, Handelsblatt, International: Top News And Analysis, La Prensa (Panamá), MarketWatch, NBC News
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