Starbucks on Monday denied that it is considering acquiring Chipotle Mexican Grill in what would be the biggest ever restaurant takeover.
“Starbucks is not buying Chipotle,” a Starbucks spokesperson told CNBC’s Jim Cramer.
Chipotle’s stock was down more than 2% in premarket trading Monday following the denial, while Starbucks shares were more than 1% higher.
The coffee giant’s denial comes after days of rumors about a potential mega-deal between the two restaurant companies.
READ MORE: https://www.cnbc.com/2026/10/12/starbucks-denies-chipotle-takeover.html
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