RaceTrac to acquire Potbelly for $566m.

RaceTrac, a convenience retailer, agreed to acquire Potbelly, a neighborhood sandwich shop concept, for $566m. “Our companies, combined, have spent over 130 years delighting guests by providing them with welcoming smiles and a place to enjoy life’s everyday moments. We are proud of Potbelly’s legacy as a beloved neighborhood sandwich shop and are excited to expand our family of convenience-driven brands. I’m pleased to welcome Potbelly’s more than 5,200 team members and franchise partners to the RaceTrac family. Together, we’ll serve guests in even more meaningful ways,” Natalie Morhous, RaceTrac CEO and Chairman.