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Chipotle shares in focus after Starbucks takeover report
Original: cmg stock
Starbucks says it is not buying Chipotle after reports that it had explored acquiring the burrito chain, putting CMG stock in the spotlight. Reports that Starbucks had looked at a possible takeover of Chipotle Mexican Grill drove investor attention, while institutional buyers including Cox Capital Management and Canandaigua National Bank & Trust added to their CMG shareholdings. Chipotle has not commented on a potential sale.
Why now: Takeover speculation involving Starbucks briefly boosted interest in Chipotle's stock before Starbucks denied any deal.
Chipotle Mexican GrillStarbucksCMG
Evidence
- Starbucks Says It's ‘Laser-Focused’ on Existing Strategy Following Chipotle Deal Chatter · WSJ
- Starbucks says it is not buying Chipotle after takeover speculation · CNBC
- Starbucks has reportedly explored acquiring restaurant chain Chipotle · CNBC
- 39,453 Shares of Chipotle Mexican Grill, Inc. $CMG Bought by Cox Capital Mgt LLC · MarketBeat
- 75,506 Chipotle Mexican Grill, Inc. $CMG Shares Bought by Canandaigua National Bank & Trust Co. · MarketBeat
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