Starbucks (SBUX.US) officially refutes rumors: explicitly denies acquiring Chipotle (CMG.US), focuses on "Back to Starbucks" transformation strategy.

Zhito Finance APP has learned that Starbucks (SBUX.US) publicly clarified on Monday, explicitly stating that the company has not acquired Chipotle Mexican Grill (CMG.US), putting an end to previous acquisition rumors. If the rumor had come true, it would have become the largest merger and acquisition transaction in the history of the restaurant industry, but it had consistently been questioned by investors and analysts.