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Chipotle Stocks Rallies on Report Starbucks Might Buy the Burrito Chain
Even with Thursday’s gains, Chipotle shares are still down 12% for the year.Credit: Marcin Golba / NurPhoto / Getty ImagesKey TakeawaysChipotle shares rose after a report that Starbucks may make an acquisition offer.Such a deal would bring Starbucks CEO Brian Niccol back to Chipotle, which he spent six years leading before leaving for Starbucks in 2024.Chipotle shares are surging on signs Starbucks could be poised to make a takeover bid.Shares of Chipotle (CMG) were up 7% in recent trading, leading S&P 500 gainers, after the Financial Times reported Starbucks (SBUX) has been working with…
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