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Reports of Starbucks Acquiring Chipotle Spark Mixed Wall Street Opinions

Stocktwits +1 ·

SBUX Starbucks Corp
$93.21 -0.40%
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CMG +6.21%
  1. 1The Financial Times reported that Starbucks has worked with advisors regarding an acquisition of Chipotle.
  2. 2A deal exceeding $44 billion, considering Chipotle's $41 billion market value, would be the largest in the industry.
  3. 3Starbucks stated its policy of not commenting on rumors and speculation.

So what's the key point?

News has emerged that Starbucks is preparing to acquire Chipotle. This massive deal, valued at over $44 billion, is causing a major stir in the industry.

Source Stocktwits +1 · View original ↗

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