Convenience store operator RaceTrac has announced its definitive agreement to acquire the Chicago-based sandwich chain Potbelly for approximately $566 million. This acquisition reflects the growing trend of convenience stores expanding their food offerings amidst increased competition in the fast food and quick-service restaurant sectors. Shareholder investigations are underway to assess whether Potbelly’s shareholders are receiving a fair price in the transaction. If the deal is terminated under certain conditions, Potbelly will be responsible for a $19.8 million termination fee. As the merger progresses, industry experts are analyzing the implications for both parties in this evolving market landscape.