Potbelly (PBPB) announced that Potbelly and RaceTrac, Inc. have entered into a definitive merger agreement pursuant to which RaceTrac will commence a tender offer to acquire all of the outstanding shares of Potbelly for $17.12 per share, in an all-cash deal with an equity value of approximately $566 million.
Potbelly's board unanimously recommended that Potbelly's stockholders tender their shares in the tender offer. Also, all of Potbelly's directors and executive officers have entered into support agreements and agreed to tender their shares, representing approximately 11% of Potbelly's outstanding common stock, in the tender offer.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.