Starbucks May Be Eyeing a Potential Takeover Bid for Chipotle. Here's What It Could Mean for Investors
Shares of Starbucks (NASDAQ:SBUX) and Chipotle Mexican Grill (NYSE:CMG) were moving in opposite directions on Thursday on reports that the coffee chain may be eyeing a takeover bid for the burrito maker, according to a story that first appeared in the Financial Times. If such a deal were to take place, it would bring together two of the most recognizable names in the quick-service restaurant space. Starbucks is by far the world's largest coffee chain, and Chipotle is the largest fast-casual restaurant. Continue reading