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Potbelly to be acquired by RaceTrac for $566M

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Convenience store operator RaceTrac is buying sandwich shop chain Potbelly.

The all-cash deal is valued at $566 million and is expected to close in the fourth quarter.

Potbelly has some 445 stores in the United States, and RaceTrac operates 800 convenience stores in 14 states.

Read more from CNBC.

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