Butterfly Equity to buy US wine group The Duckhorn Portfolio [Yahoo! Finance]
The Duckhorn Portfolio, Inc. (NAPA)
Company Research
Source: Yahoo! Finance
Butterfly Equity, which has investments in the food and beverage sectors, said its all-cash bid values the California-based business at $1.95bn. “This announcement is excellent news for the future of our company and for stockholders of The Duckhorn Portfolio, who will receive a substantial premium,” Deirdre Mahlan, the Sonoma-Cutrer brand owner's CEO and chairperson, said. Under the terms of the deal, The Duckhorn Portfolio's shareholders will receive $11.10 per share in cash. The Decoy wine maker said that represented a “premium” of just over 65% to the volume-weighted average share price of its common stock during the 90-day trading period ending on Friday (4 October). The Duckhorn Portfolio's shareholders include Brown-Forman, which acquired just over 21% of the business when the spirits giant sold Sonoma-Cutrer to the company last November. Just Drinks has approached Brown-Forman for comment. Mahlan, who joined The Duckhorn Portfolio last year , added: “Butterfly believ
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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