Starbucks denies Chipotle acquisition rumors
SBUX Starbucks Corp
$90.75 -2.64%
View chart & analysis → - 1Starbucks stated it is not considering an acquisition of Chipotle Mexican Grill.
- 2Chipotle shares fell by more than 2% in pre-market trading on Monday.
- 3Starbucks shares rose by more than 1% on Monday.
So what's the key point?
Starbucks said it has no plans to buy Chipotle. Following this news, Chipotle shares fell by more than 2% and Starbucks shares rose by more than 1%.
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