Chipotle rises after Starbucks reportedly explored a deal
CMG•Chipotle shares rose as much as 8.55% after Starbucks reportedly explored a takeover, though the plan’s status was undetermined. Starbucks shares fell as much as 6.66%.
CMG•CMG•CMG•Chipotle shares rose as much as 8.55% after Starbucks reportedly explored a takeover, though the plan’s status was undetermined. Starbucks shares fell as much as 6.66%.
Starbucks has explored a takeover of Chipotle, with the plan’s status undetermined. Chipotle shares rose as much as 8.55% to $33.40, while Starbucks shares fell as much as 6.66% to $87.35. RBC Capital Markets analyst Logan Reich said investors may view a potential deal as competing for management’s time and attention while Starbucks works to turn around its brand.
