Starbucks Denies Chipotle Acquisition
Starbucks officially denied it is buying Chipotle, sending $CMG shares lower, after the Financial Times reported on October 8th that Starbucks had 'explored talks' about the deal.
What we know
An account on X broke the denial first; several accounts on X quickly confirmed. Another account on X noted $CMG fell on the news, adding context that the original FT report came out October 8th.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.