Chipotle shares rise on Starbucks takeover proposal report
Chipotle shares jumped 6.2% to $32.71 after a Financial Times report said Starbucks had looked into a possible takeover of Chipotle. Starbucks stock fell 3.6% to $90.21.
By Ty Roush Starbucks has looked into a possible takeover of Chipotle Mexican Grill, according to a Financial Times report. A potential deal would reunite Starbucks CEO Brian Niccol with the burrito chain that he helped transform, and, with Chipotle's $41 billion market value, would represent the largest ever combination in the restaurant sector. Many questions remain, however, including the current status of Starbucks' efforts -- and the motivation behind such a proposal. Starbucks has worked with advisers in recent months to discuss a takeover proposal for Chipotle, the FT reported, citing people familiar with the matter.
Neither Chipotle nor Starbucks immediately responded to requests for comment. 71 Thursday, making it the top performer in the S&P 500 in the session. 21, putting it on pace for its lowest close since April, This is breaking news. Check back for more analysis soon.
com This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires October 08, 2026 11:46 ET (15:46 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters.
Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.