Corrected: BUZZ-Starbucks down; report says co explores takeover of Chipotle Mexican Grill

Chipotle Mexican Grill

08/10/2026 15:41

Corrects 4th bullet to say Chipotle's, not Starbucks', market capitalization is about $39 billion
** Shares of coffee chain Starbucks SBUX.O down as much as 6.66% at $87.35
** Co has explored a takeover of Chipotle Mexican Grill CMG.N, the Financial Times reports, citing sources familiar with the matter
** Takeover plan's status not determined, report says
** CMG has a market capitalization of about $39 billion
** Shares of CMG jumped as much as 8.55% to $33.40
** Chipotle did not immediately respond to a Reuters requests for comment
** As of last close, SBUX up ~10% YTD, while CMG down 12% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))