Chipotle Shares Surge After Starbucks Explores $39 Billion Takeover
Deals·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Chipotle Mexican Grill Inc. shares jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain.
A purchase of nearly $39bn market-value burrito chain would rank as largest restaurant acquisition of all time.
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Sources
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SourceReports the news
“Chipotle Mexican Grill Inc. shares jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain.”
Bloomberg — Chipotle Jumps After Report That Starbucks Has Explored Takeover“A purchase of nearly $39bn market-value burrito chain would rank as largest restaurant acquisition of all time”
FT — Starbucks has explored takeover of Chipotle in restaurant megadeal