Updated version 1 - The Financial Times reports that Starbucks once considered acquiring Chipotle

Add background information in the second paragraph and mention the stock price information in the third paragraph.

Reuters, October 8 - According to the Financial Times on Thursday, citing people familiar with the matter, Starbucks (SBUX.O) has explored the possibility of acquiring Chipotle Mexican Grill (CMG.N).

Starbucks CEO Brian Niccol previously led Chipotle and is widely credited with transforming the burrito chain into one of the fastest-growing companies in the industry.

Neither Starbucks nor Chipotle immediately responded to Reuters’ requests for comment. The coffee chain, which has a market value of approximately 39 billion USD, saw its stock price fall about 3%, while Chipotle's share price rose by around 4%.

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