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Stock impact report

Potbelly to be acquired by convenience store company RaceTrac in $566M deal [USA TODAY]

Potbelly Corporation (PBPB) 
Last potbelly corporation earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.potbelly.com/investor-relations
Company Research Source: USA TODAY
The acquisition is set to close later this year. Until then, the companies will continue to operate independently, according to the announcement news release. Known for its array of sandwiches, Potbelly is a nationwide restaurant chain with 445 locations across the United States, including more than 100 franchised shops. Bob Wright, Potbelly's president and CEO, stated in the news release that the deal will help accelerate the brand's growth. “With RaceTrac's resources, we will unlock new opportunity for this incredible brand while staying true to the neighborhood sandwich shop experience that makes Potbelly special," Wright said. Here's what to know about the deal. What is RaceTrac? RaceTrac is a retailer that owns several convenience stores and gas stations across the United States, primarily in the South. The company has more than 800 gas stations in 14 states under the RaceTrac and RaceWay brands, as well as about 1,200 Gulf-branded locations across the United State Show less Read more
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