Chipotle Jumps on Report Starbucks Explored a Takeover

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Chipotle shares rose after a Financial Times report that Starbucks had worked with advisers on a possible takeover proposal for the restaurant chain. Starbucks CEO Brian Niccol previously led Chipotle for six years.

Chipotle Mexican Grill shares jumped after the Financial Times reported that Starbucks has reportedly worked with advisers in recent months on a takeover proposal for Chipotle, according to the Financial Times. Starbucks Chief Executive Officer Brian Niccol previously spent six years as the top executive at Chipotle. Michael Halen of Bloomberg Intelligence has more. (Source: Bloomberg)

Markets Deals Chipotle Starbucks potential takeover share price M&A Brian Niccol

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