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Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

Chipotle Options Include More Franchising, Prepping for Sale as Ackman Launches Campaign

Chipotle Mexican Grill's (CMG) shares shot up late Tuesday after embattled activist Bill Ackman and his Pershing Square Capital Management launched an activist campaign at the fast food restaurant company.

In a securities filing, Pershing Square reported owning a 9.9% stake at Chipotle and said it believes it has a strong brand and visionary leadership. Nevertheless, the activist fund said it intends to engage in discussions with Chipotle about its strategic plans, capitalization and financial condition...


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