Bowlero Enters Tennessee Through Andy B's Acquisition


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


  • Bowlero Corp (NYSE:BOWL) has entered into a definitive agreement to acquire Andy B's in Tennessee. The financial terms of the deal were not disclosed.
  • Andy B is a 44-lane center comprising 32 traditional lanes and 12 private lanes featuring audio and lighting with 50 feet of video displays.
  • The completion of the acquisition will mark the company's first center in the state.
  • "We are pleased to enter a new market, expanding our national footprint to 34 states," said Founder and CEO Thomas Shannon.
  • Bowlero held $89.8 million in cash and equivalents as of Jan. 1, 2023.
  • Andy B's will open as a Bowlero upon completion of the acquisition.
  • Price Action: BOWL shares are trading higher by 0.80% at $15.05 on the last check Tuesday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: EquitiesM&ANewsMarketsGeneralBriefs