Butterfly Equity to buy The Duckhorn Portfolio in all-cash deal for about $1.95B [Seeking Alpha]
The Duckhorn Portfolio, Inc. (NAPA)
Company Research
Source: Seeking Alpha
Angeles-based private equity firm Butterfly Equity in an all-cash transaction valued at approximately $1.95 billion. As per the terms of the deal, Duckhorn stockholders will receive $11.10 per share in cash, representing a premium of approximately 65.3% to the volume-weighted average share price of Duckhorn's common stock over the 90-day trading period ending on October 4, 2024. Butterfly is a leading private equity firm dedicated to investing in the "seed-to-fork" food ecosystem in North America with a diverse portfolio including Milk Specialties Global, Chosen Foods, MaryRuth Organics, Orgain, Bolthouse Fresh Foods, and QDOBA, among others. The development aims to accelerate The Duckhorn Portfolio's leading luxury wine portfolio and continue Butterfly's strategy of partnering with leading food and beverage companies. Following the acquisition, Duckhorn will become a privately held company and operate eleven winery brands under The Duckhorn Portfolio name, headquartered in St
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NAPA
News
- Butterfly Completes $1.95 Billion Acquisition of The Duckhorn Portfolio [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NAPA and USAP on Behalf of ShareholdersGlobeNewswire
- $HAREHOLDER INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Mergers of NAPA, NBR, PFIE and VBFCGlobeNewswire
- The Duckhorn Portfolio, Inc. (NYSE: NAPA) was downgraded by analysts at Jefferies Financial Group Inc. from a "buy" rating to a "hold" rating. They now have a $11.00 price target on the stock.MarketBeat
- The Duckhorn Portfolio Announces Fiscal First Quarter 2025 Financial Results [Yahoo! Finance]Yahoo! Finance
NAPA
Earnings
- 12/5/24 - Miss
NAPA
Sec Filings
- 12/23/24 - Form 8-K
- 12/13/24 - Form DEFA14A
- 12/13/24 - Form 8-K
- NAPA's page on the SEC website