Market News / Story
Why Starbucks (SBUX) Stock Is Down Today
Stock Story ·
Stock Story reports: What Happened? Shares of coffeehouse chain Starbucks fell 2.3% in the afternoon session after Financial Times reported that the company evaluated a potential takeover proposal for Chipotle Mexican Grill with advisers over previous months. The Financial Times reported that Starbucks worked with advisers in recent months on a proposal for Chipotle, which has a market value of nearly $39 billion, and that a deal of that size may never happen. A transaction would reconnect…