Potbelly acquired by convenience-store operator RaceTrac for $566 million
1. Potbelly will be acquired by RaceTrac for $566 million in cash. 2. Deal expected to close in Q4, shares up 30% post-announcement. 3. Acquisition offers a 47% premium on Potbelly's share price. 4. Potbelly aims to expand from 445 to 2,000 locations. 5. RaceTrac's commitment aligns with Potbelly's growth strategy.