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Stock impact report

Popular Sandwich Chain Being Acquired in Major Deal [Yahoo! Finance]

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: Yahoo! Finance
Potbelly is about to get a new home! Convenience store giant RaceTrac is scooping up the beloved sandwich chain in a $565 million deal that was announced on Wednesday, September 10. The deal is expected to wrap up later this year, but in the meantime, both brands will continue to operate independently. Potbelly, best known for its toasted sandwiches and cozy vibe, has 445 locations nationwide, including more than 100 franchised shops. In the announcement, Potbelly president and CEO Bob Wright said the move will help the brand grow even faster. "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 in a statement shared by USA Today Wright went on to say, "Their strategy isn't necessarily to put a Potbelly in every RaceTrac." SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to yo Show less Read more
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