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Chipotle Mexican jumps on report Starbucks has explored takeover
Seeking Alpha ·
Seeking Alpha reports: Chipotle Mexican Grill rose 4.4% after a report that Starbucks has explored a takeover of the Mexican food chain. Starbucks dropped 3%. Starbucks has worked with advisers in recent months on a takeover offer for Chipotle , according to a Financial Times report on Thursday, which cited people familiar with the matter. The status of the takeover plans and whether Starbucks has submitted a formal offer couldn't be determined. A deal of this size may never materialize,…