Starbucks Explored Chipotle Takeover, FT Reports

Starbucks explored a takeover of Chipotle Mexican Grill, working with advisers on a proposal in recent months, the Financial Times reported Oct. 8, citing sources familiar with the matter. A deal would pair a $107 billion coffee chain with a nearly $39 billion burrito chain, according to LSEG data. Financing such a combination would test even Starbucks' scale.