Cramer: Starbucks tells me Chipotle takeover won’t happen and that’s good for the stock
Summary
Jim Cramer reports that Starbucks leadership has denied rumors regarding a potential acquisition of Chipotle. According to these discussions, the coffee giant has no plans to pursue the burrito chain. Cramer noted that this clarification is a positive development for Starbucks shares.
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Source: Read the full story at US Top News and Analysis
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