Starbucks Stock Perks Up With Billion-Dollar China Bids
Beverage chain Starbucks Corp (NASDAQ:SBUX) is up 1.6% to trade at 10 billion. The equity would retain a 30% stake, with offers coming in from big names such as Centurium Capital, Hillhouse Capital, and Carlyle Group. Starbucks stock has been choppy on the charts this summer, with recent support stemming from its ascending 20-day moving average. Today's pop has SBUX trading at its highest level since April 2 and creating some ...