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Duckhorn Stock Doubles as Butterfly Equity Takes It Private at $11.10/Share in $1.95B Deal

Oct 7, 2024, 12:14 PM

Duckhorn Portfolio Inc. (NAPA), a Napa Valley-based winemaker, has agreed to be taken private by private equity firm Butterfly Equity in an all-cash deal valued at $1.95 billion. The transaction is priced at $11.10 per share, representing a 100% premium over Duckhorn's closing share price of $5.40 last Friday. The announcement sent Duckhorn's stock up over 101% in pre-market trading.