Market News / Story
Queso and coffee? Rumors of a Chipotle-Starbucks merger boost shares
Seeking Alpha ·
Seeking Alpha reports: Shares of Chipotle Mexican Grill and Starbucks wiped out early morning losses and were grinding higher on speculation that the Mexican restaurant chain could merge with the coffee powerhouse. Semafor is raising the possibility that the two chains could merge and run operations similar to Yum! Brands’ KFC, Pizza Hut, and Taco Bell. Speculation as to the identity of an interested buyer was ignited last week following reports that Chipotle enlisted bankers to fend off a…