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USCBS News

Chipotle shares jump after report that Starbucks has explored a takeover

Photo: Getty Images

Chipotle Mexican Grill's stock jumped as much as 8% on Thursday after the Financial Times reported that Starbucks has explored a deal to buy the "fast-casual" restaurant chain.

A potential merger would represent one of the largest restaurant acquisitions in history, according to industry analysts. In 2014, Burger King acquired Canadian chain Tim Hortons in an $11.4 billion deal that remains one of the largest restaurant buyouts to date, according to Melius Research.

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USThe Guardian

Trump immigrant purge could cut social security for Americans by $2,000 a year

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USThe Guardian

The Democrats taking the fight to Republican strongholds

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USThe Guardian

‘It could have been any one of us’: Black college students march for Nolan Wells

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