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Monday, May 11, 2020

Potbelly deal with activists includes twist: stock, not cash, for outlays


Potbelly deal with activists includes twist: stock, not cash, for outlays



Sandwich maker Potbelly Corp on Monday promised to reimburse activist shareholders' expenses with stock not cash, creating a situation that lawyers call an outlier for now but which they said could find traction in tough economic times.

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