Convenience store operator RaceTrac to buy sandwich chain Potbelly for $566 million [Yahoo! Finance Canada]
Potbelly Corporation (PBPB)
Last potbelly corporation earnings: 2/25 04:05 pm
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investors.potbelly.com/investor-relations
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Source: Yahoo! Finance Canada
All of Potbelly's directors and executive officers have agreed to tender their shares, representing around 11% of Potbelly's outstanding common stock. Potbelly shares jumped more than 30% on Wednesday to $17 each after the deal announcement. The transaction marks a 47% premium to the company's 90-trading-day volume-weighted average price. Convenience store chains sometimes have franchising agreements with restaurants, but it is rare for them to buy a branded restaurant chain outright, industry experts said. RaceTrac, headquartered in Atlanta, Georgia, wanted to add a restaurant to its portfolio of convenience stores, and the two companies negotiated the deal outside of a formal auction process, according to sources familiar with the matter. Private equity firms have been the most active buyers of sandwich chains in recent years. Blackstone acquired Jersey Mike's for around $8 billion last year and Roark Capital, which also owns Jimmy John's, bought Subway in 2023 for up to $9
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News
- Heartland Value Fund's Views on Potbelly Corporation (PBPB) [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PGRE, BERY, PBPB on Behalf of ShareholdersPR Newswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PGRE, BERY, PBPB on Behalf of ShareholdersGlobeNewswire
- POTBELLY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Potbelly Corporation - PBPBBusiness Wire
- 3 Restaurant Stocks with Open Questions [Yahoo! Finance]Yahoo! Finance
PBPB
Earnings
- 8/6/25 - Beat
PBPB
Sec Filings
- 10/23/25 - Form POS
- 10/23/25 - Form POS
- 10/23/25 - Form POS
- PBPB's page on the SEC website