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Starbucks May Want Chipotle Back
GuruFocus ·
GuruFocus reports: Shares of Starbucks Corp. (SBUX, Financials), the world's largest coffee chain, sank more than 3% Thursday after a report suggested the firm had contemplated buying Chipotle Mexican Grill in what might be one of the biggest restaurant acquisitions ever. Shares of Chipotle jumped roughly 7% on the announcement. Starbucks has been working with consultants on a possible acquisition deal in recent months, though the status of those negotiations is unknown. Both companies…