Starbucks reportedly explores takeover of Chipotle Mexican Grill
SBUX•Starbucks shares fell as much as 6.66% after a report said it had explored a takeover of Chipotle; Chipotle shares rose as much as 8.55%. The status of any takeover plan was unclear.
1. Takeover exploration reported
Starbucks has explored a takeover of Chipotle Mexican Grill, a report said, citing sources familiar with the matter. The status of the plan was not determined. Starbucks had a market capitalization of about $39 billion.
