Starbucks Kills Chipotle Takeover Rumor: "We're Not Buying" The Burrito Chain

What happened: Starbucks said it is not buying Chipotle, denying a rumor that began after a Financial Times report said Starbucks had explored acquiring the burrito chain. Why it matters: Analysts had been skeptical of a deal, which would be the largest-ever restaurant acquisition. Zackfia said incremental debt of nearly $49 billion would be dilutive to combined 2027 EPS at any interest rate over 4% and lift leverage to about 6 times. Coverage: 3 outlets in 24h

Starbucks explicitly denies Chipotle takeover rumor, removing M&A speculation.

Starbucks explicitly denies Chipotle takeover rumor, removing M&A speculation. — impact context not separately stored; see What changed.