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Starbucks has discussed a possible takeover proposal for Chipotle Mexican Grill with advisors in recent months, according to a Financial Times report cited by Barron's. Chipotle shares rose 6.1% while Starbucks fell 0.4% Thursday.
Starbucks has worked with advisers in recent months to discuss a possible takeover proposal for Chipotle Mexican Grill, according to a Financial Times report cited by Barron's. Chipotle shares jumped and Starbucks shares fell on the report.
U.S. stocks slipped by midday Thursday as oil surged more than 5% on fresh Persian Gulf tanker attacks, while Treasury yields climbed back toward their highest levels since 2002 and the Federal Reserve’s hawkish minutes kept rate-hike bets alive. President Donald Trump said he no longer wants a deal with Iran, while no
Starbucks has worked with advisers in recent months on a possible takeover proposal for Chipotle, according to the Financial Times. Chipotle shares rose and Starbucks fell after the report.