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Starbucks says it won't bid for Chipotle after report of explored deal

Chipotle; Starbucks.Photo: NBC News

Starbucks publicly denied plans to buy Chipotle Mexican Grill, ending speculation that followed a report that it had looked into a possible takeover. That report said the coffee chain had reportedly hired advisers to work on a proposal. Starbucks said it is focused on organic growth.

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