CMG.B no longer

Just as Chipotle said in its last conference call that it was looking into combining the A and B share classes of their stock, today they announced a proposal to turn the B shares into A shares. Pending a vote on Dec 21, hence the 10% run-up in the B shares today, and the A shares about even. A shares sitting at $86.16 and B shares at $83.64.

I think this will be great for CMG's common stock as it will no longer show up on the S&P 1500's most shorted list. All those people shorting the A and buying the B were finally rewarded though.