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Exclusive: Activist Wants Potbelly to Alter Plan or Explore Sale

Business News

Potbelly Corp ( PBPB.O ) is under pressure from an activist shareholder that wants the sandwich chain to change its strategy or explore the sale of the company, according to a letter obtained by Reuters. Ancora Advisors LLC, which said it owns 4 percent of Potbelly shares, outlined steps it wants the company to take to boost its share price, including franchising more of its restaurants. It said it should explore a sale if it does not go through with these proposed changes...

Mentions: activist investors