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Restaurant M&A is revived with a Potbelly takeover

Potbelly Corporation (NASDAQ:PBPB) jumped 31.6% in Wednesday morning trading to 17.02aftertherestaurantcompanyacceptedanofferfromRaceTractobeacquiredat17.02 after the restaurant company accepted an offer from RaceTrac to be acquired at 17.12 per share. The acquisition is expected to close in the fourth quarter. Until the transaction closes, both companies will continue ...