Market News / Story
Chipotle Stock Rocketed Over 6% Today – Why Is Starbucks Drawing Investor Attention?
Stocktwits ·
Stocktwits reports: Chipotle Mexican Grill (CMG) shares drew significant investor attention on Thursday after Starbucks reportedly explored a potential takeover of the restaurant chain. The Financial Times reported that a purchase of Chipotle, with a market value of nearly $41 billion, would be the largest tie-up in the restaurant sector in history. CMG shares were up about 6% at the time of writing on Thursday, while SBUX shares were down about 3%. According to the report, Starbucks has…