Chipotle stock rose as much as 8% on Thursday following a Financial Times report that Starbucks has explored a takeover of the Mexican fast-casual chain. Starbucks shares dipped as much as 6% intraday on the news. The report said it could not be determined whether Starbucks submitted a formal offer or the current status of its plans. A merger would combine two major US dining brands, with Chipotle valued at around $41 billion.
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