BUZZ-Potbelly jumps after Ractrack to acquire co

Reuters

2025/09/10

** Sandwich chain Potbelly PBPB.O jumps 31.8% to $17.02 premarket after pvt co Ractrack to acquire PBPB for $566 mln in all cash deal

** PBPB shareholders to receive $17.12 per share, a premium of 32.4% from co's last close of $12.93, according to Reuters calculations

** The deal is expected to close in Q4 of 2025

** If the deal is terminated under certain conditions, PBPB to pay a termination fee of $19.8 mln

** Up to last close, PBPB up 37.3% YTD

(Reporting by Avinash P in Bengaluru)

((Avinash.P@thomsonreuters.com;))

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