Starbucks reportedly explored Chipotle takeover
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Starbucks Corp.’s SBUX reported interest in acquiring Chipotle Mexican Grill Inc CMG could put the spotlight on a broader restaurant consolidation trade — and the ETFs that offer exposure to the companies that could benefit if deal activity spreads across the industry.
Chipotle takeover rumors swirl as Starbucks weighs a bid. See here to know why I assign both stocks (CMG & SBUX) a hold rating.
The Financial Times reported that Starbucks has explored a potential takeover of Chipotle, a deal that could be the largest tie-up in the restaurant sector if completed.
Starbucks is reportedly exploring a deal to acquire Chipotle Mexican Grill, a potential combination of two of the largest restaurant businesses in the U.S.
The reported deal would be, by far, the biggest in restaurant industry history and would reunite Brian Niccol with the