Update: Chipotle Shares Rise on Report Starbucks Explored Takeover Bid
MT newswire2026/10/08 18:3802:38 PM EDT, 10/08/2026 (MT Newswires) -- (Updates with Chipotle stock move in the headline and first paragraph and Starbucks in the last.) Chipotle Mexican Grill (CMG) shares rose 7.1% after the Financial Times reported Starbucks (SBUX) explored a takeover bid and worked with advisers in recent months on a proposal for the food chain. The report cited people familiar with the matter. The current status of Starbucks' takeover plans and whether the coffee shop chain submitted any formal offer to Chipotle could not be determined, the report said. Starbucks and Chipotle did not respond to requests for comment from MT Newswires. Starbucks shares fell 3.7%. Price: 32.97, Change: +2.20, Percent Change: +7.13
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canadian used car dealer UC Automotive (UCAU.RC.US) files for IPO in the US: aims to raise 29 million USD and list on Nasdaq
Canadian used car dealer UC Automotive has applied for a Nasdaq IPO, aiming to raise up to $29 million, with its main focus on the Greater Vancouver market. Kingswood is the sole underwriter.
Swiss Franc weakens as Fed hawkish outlook lifts USD/CHF
Crypto prices
More
