Bowlero Corp. Expands In Michigan; Definitive Agreements Signed To Acquire Merri-Bowl Lanes And BAM! Entertainment Center; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Bowlero Corp. (NYSE:BOWL) has announced definitive agreements to acquire Merri-Bowl Lanes and BAM! Entertainment Center in Michigan. These acquisitions, expected to close in fall 2023, mark the company's 4th and 5th locations in the state. The move aligns with Bowlero's strategic growth initiatives.
August 21, 2023 | 12:08 pm
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Bowlero's acquisition of Merri-Bowl Lanes and BAM! Entertainment Center aligns with its strategic growth initiatives and expands its presence in Michigan.
The acquisition of Merri-Bowl Lanes and BAM! Entertainment Center by Bowlero Corp. is a strategic move that aligns with the company's growth initiatives. This expansion in Michigan could potentially increase the company's market share and revenue in the region, which may positively impact the company's stock price in the short term.
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