McCompany

I actually didn't know Chipotle was owned by McDonalds.

McDonald's Plans Partial IPO for Chipotle
OAK BROOK, Ill., September 21, 2005

McDonald's Corp., the world's largest fast-food company, said Wednesday it intends to spin off a minority stake in its Chipotle Mexican Grill brand in order to fuel its growth and create value for its shareholders.

The company told analysts at the start of a two-day meeting at its headquarters that it plans to file for an initial public offering involving Chipotle by the end of October and expects to launch the IPO in the first quarter of 2006.

The announcement comes eight months after it first raised the possibility of spinning off the growing 400-restaurant operation and plowing much of the proceeds into its namesake-brand restaurants. It also follows a similar move by rival Wendy's International Inc., which said in July that it plans to sell a portion of its Tim Hortons doughnut and coffee chain.

More at the link, of course...