The financial markets can finally put the intense corporate speculation to rest following news that the Starbucks Chipotle takeover rumors have been officially debunked. Speaking on CNBC’s “Squawk on the Street”, market commentator Jim Cramer explicitly confirmed that Starbucks has no corporate intentions or plans to purchase the Mexican fast-casual chain. The rumors had rapidly circulated over the weekend due to shared executive leadership ties, but both brands remain committed to their independent corporate growth strategies.
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