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flag RaceTrac buys Potbelly for $566M, aiming to expand the sandwich chain to 2,000 stores.

flag Convenience store chain RaceTrac is acquiring sandwich chain Potbelly for $566 million in cash, or $17.12 per share. flag Founded in 1977, Potbelly currently operates 445 stores across the U.S. and aims to expand to 2,000 locations. flag The acquisition, pending regulatory approval, is expected to close by the end of 2025 and could help Potbelly navigate the challenging restaurant market.

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