Starbucks Corporation (SBUX)
Chipotle Stocks Rallies on Report Starbucks Might Buy the Burrito Chain
Chipotle shares are surging on signs Starbucks could be poised to make a takeover bid.
Starbucks shares fall on potential $39 billion Chipotle takeover report
Starbucks Corp (NASDAQ:SBUX, XETRA:SRB) shares fell over 3% to $90.40 on Thursday after the Financial Times (FT) reported that the coffee chain had worked with advisers in recent months on a potential takeover of Chipotle Mexican Grill. The shares fell as much as 6% after the report, before paring losses as investors assessed the potential financial implications of a deal that could be worth about $39 billion based on Chipotle's current market value.
Why it makes no sense for Starbucks to acquire Chipotle
Wall Street was rocked on Thursday following a Financial Times report revealing that Starbucks (SBUX) has spent recent months working with advisers to explore a potential takeover of Chipotle Mexican Grill (CMG). The rumour sent Chipotle shares jumping as much as 7% while Starbucks fell over 3%, as investors digested the prospect of the largest fast-casual deal in retail history.
Wall Street Lunch: Starbucks Puts Chipotle On Its Takeover Menu
Chipotle Mexican Grill (CMG) surged on reports Starbucks (SBUX) explored a takeover, though deal certainty remains unclear. PepsiCo (PEP) topped Q3 top- and bottom-line estimates, but CEO Ramon Laguarta said the company does not feel good about how the beverage business is doing and will be looking to cut costs.
Starbucks reportedly explored Chipotle takeover — as burrito chain's shares surge
Starbucks CEO Brian Niccol built his reputation at Chipotle before taking the helm at the coffee chain.
Starbucks stock falls as it reportedly explores a Chipotle takeover deal
Starbucks has explored a potential takeover of Chipotle Mexican Grill, according to a Financial Times report, in what could become one of the largest deals in the restaurant industry. Starbucks has worked with advisers in recent months on a possible offer for Chipotle, which has a market value of nearly $39 billion, the FT reported, citing people familiar with the matter.
Starbucks Slides 3% as Chipotle Mexican Grill Jumps 5% on Takeover Talk; McDonald's Ticks Up
Starbucks (NASDAQ:SBUX | SBUX Price Prediction) stock is at $90.31, down 3% in morning trading, after a report that the coffee giant has explored a takeover of a fast-casual rival. Meanwhile, Chipotle Mexican Grill (NYSE:CMG) stock is at $32.
Starbucks sued for allegedly mislabeling ‘sugar-free' protein drinks
The lawsuit alleges Starbucks' "Sugar-Free" protein drinks contain between 13 and 21 grams of sugar per venti serving.
Starbucks (SBUX) Outpaces Stock Market Gains: What You Should Know
In the most recent trading session, Starbucks (SBUX) closed at $96.11, indicating a +1.78% shift from the previous trading day.
Starbucks sued for allegedly mislabeling 'sugar-free' protein drinks
A proposed class-action lawsuit alleges eight Starbucks "Sugar-Free" protein beverages contain 13 to 21 grams of sugar
Starbucks Faces Suit Over “Sugar Free” Claims
Starbucks (NASDAQ: SBUX | SBUX Price Prediction) faces a lawsuit over how it describes some of its food. According to Reuters, the suit cites a federal regulation.
Starbucks hit with a class-action lawsuit over its ‘sugar free' protein drinks
Starbucks is facing a consumer lawsuit over claims that the protein drinks labeled “sugar-free” on its cafe menus may actually contain more sugar than a Reese's peanut butter cup.The federal lawsuit filed late Friday in Seattle alleges that eight protein beverages Starbucks sells in the U.S. contain varying amounts of sugar even though the company lists them as sugarless.On Monday, the menu on Starbucks' U.S. website listed a 16-ounce (0.5-liter) Sugar-Free Caramel Protein Matcha with 16 grams of sugar and a 20-ounce (0.6-liter) version of the same drink with 21 grams of sugar. By comparison, one Reese's cup has 11 grams of sugar.Hagens Berman, a law firm that specializes in class action cases, filed the suit on behalf of three individual consumers who bought Starbucks' sugar-free protein drinks in California, New York and Washington.
