Chipotle shares jump after report that Starbucks has explored a takeover

What happened: Chipotle shares rose as much as 8% Thursday after the Financial Times reported Starbucks has explored a deal to buy the chain. Starbucks shares slipped about 4.4% before ending largely flat. Key numbers: Chipotle stock up as much as 8%. Starbucks fell about 4.4% earlier, then closed near flat. Chipotle is a $41 billion chain. Why it matters: Analysts see no obvious synergies and TD Cowen calls the deal low probability, saying a $40 billion acquisition would seem inconsistent with Niccol's Back to Starbucks turnaround. Starbucks declined to comment on rumors. Coverage: 4 outlets in 24h

Chipotle shares jump on report Starbucks explored a takeover.

Chipotle shares jump on report Starbucks explored a takeover. — impact context not separately stored; see What changed.