US Stock Market Move | Starbucks Corporation (SBUX.US) falls nearly 2% as Hillhouse Capital plans to acquire Starbucks Corporation's China business.

On Monday, Starbucks Corporation (SBUX.US) fell nearly 2% to $91.47. According to sources, Hillhouse Capital recently participated in a reverse management roadshow for Starbucks Corporation's China operations, expressing interest in acquiring the business. The roadshow also attracted participation from Carlyle Group Inc, Trustbridge Partners, and several other investment institutions. The terms of the deal have not been finalized. Goldman Sachs Group, Inc. is serving as the exclusive financial advisor for the valuation of Starbucks Corporation's China operations, estimated to be between $5 to $6 billion. The deal is expected to continue until 2026.