Convenience store operator RaceTrac to buy sandwich chain Potbelly for $566 million

Core Insights - RaceTrac has agreed to acquire Potbelly Corp for approximately $566 million, marking a significant move for a convenience store operator to purchase a restaurant brand [1] Company Summary - The acquisition of Potbelly Corp by RaceTrac represents a strategic expansion into the restaurant sector for a convenience store operator [1] - The deal is valued at around $566 million, indicating a substantial investment in diversifying RaceTrac's business model [1] Industry Context - This acquisition is notable as it reflects a trend where convenience store operators are increasingly looking to expand their offerings by integrating restaurant brands [1]