Starbucks is weighing a takeover of Chipotle, which would be good news for shareholders of both if it happens and would rank among the biggest restaurant deals ever.

• Starbucks is considering buying Chipotle, a combination that would be one of the largest mergers in restaurant history.
• The logic is overlap: both chains pick real estate the same way, target similar customers, and lean on loyalty apps.
• A merged rewards program is the obvious prize, letting customers earn and spend benefits across both brands.
• Leadership familiar with both companies is the thread tying the idea together.

Outlook: Nothing is agreed yet, but expect pressure on both stocks and quick antitrust questions if talks turn real.