US stock market anomaly | Starbucks (SBUX.US) falls nearly 2% rumors that Hillhouse Capital intends to acquire Starbucks China business.
According to the Wise Finance and Economics app, on Monday, Starbucks (SBUX.US) fell nearly 2% to $91.47. Informed sources revealed that Hillhouse Capital recently participated in a reverse management roadshow for Starbucks in China, expressing interest in acquiring Starbucks' China business. This roadshow also attracted participation from various investment institutions such as Carlyle Group and Trustbridge Partners. The trading structure has not yet been finalized. Starbucks' China business is estimated to be valued at around 5 to 6 billion US dollars, with Goldman Sachs acting as the exclusive financial advisor. The transaction is expected to continue until 2026.
Latest
3 m ago