Starbucks shares fluctuate on news of potential Chipotle acquisition bid
SBUX Starbucks Corp
$90.75 -2.64%
View chart & analysis → - 1Starbucks has been working with advisors to prepare a bid to acquire Chipotle in recent months.
- 2The deal, valued at approximately $41 billion, would be the largest in restaurant industry history if completed.
- 3CMG shares rose about 6% on Thursday, while SBUX shares fell about 3% on Thursday.
So what's the key point?
News emerged that Starbucks is preparing to buy Chipotle. Following this news, Chipotle shares rose 6%, but Starbucks shares fell 3%.
Source Stocktwits +1 · View original ↗
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