Chipotle Jumps on Report Starbucks Has Explored Takeover
Shares of Chipotle Mexican Grill jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, the FT said, citing people familiar with the matter. Brian Niccol, Starbucks’ chief…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
