We’re one step closer to the final consolidation of America™ into a single unified corporation.
On Thursday, the Financial Times reported that centibillion dollar coffee titan Starbucks has explored a takeover of decabillion dollar Chipotle Mexican Grill, in a venti-sized tie-up that would undoubtedly be the largest ever in the restaurant sector.
It’s unclear if Starbuck’s takeover plans are still in the works and if it’s submitted a formal offer to Chipotle. But sources familiar with the matter tell the FT that the café behemoth has been working with advisers on a takeover proposal for the burrito chain for months.
The revelation had a curious effect on the involved company’s stocks. Starbucks’ fell by as much as 6.7 percent, before stabilizing at 0.4 percent down. Chipotle, conversely, shot up by 6.2 percent.
