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RaceTrac buys Potbelly for $566M, aiming to expand the sandwich chain to 2,000 stores.
Convenience store chain RaceTrac is acquiring sandwich chain Potbelly for $566 million in cash, or $17.12 per share.
Founded in 1977, Potbelly currently operates 445 stores across the U.S. and aims to expand to 2,000 locations.
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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RaceTrac compra Potbelly por $566M, con el objetivo de expandir la cadena de sándwiches a 2.000 tiendas.