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Starbucks denies Chipotle buyout
Starbucks has denied speculation it is pursuing a takeover of Chipotle Mexican Grill, ending rumors sparked by a Financial Times report. The companies stated there are no plans for a deal, and the focus remains on Starbucks' ongoing turnaround strategy and growth plans. Following the denial, Chipotle's stock fell about 4%, while Starbucks' shares rose approximately 1%.
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