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$The Duckhorn Portfolio(Delisted) (NAPA.US)$ Duckhorn to Go Private in $1.95B Deal, Acquired by Butterfly EquityBenzinga· 7 mins agoThe Duckhorn Portfolio (NYSE:NAPA) ("Duckhorn" or the "Company"), North America's premier luxury wine company, and Butterfly Equity ("Butterfly"), a Los Angeles-based private equity firm specializing in the food and beverage sector, today announced that they have entered into a definitive agreement (the "Agreement") pursuant to which Duckhorn will be acquired by private equity funds managed by Butterfly in an all-cash transaction that values the Company at approximately $1.95 billion.This press release features multimedia. View the full release here:Under the terms of the Agreement, 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. Following the completion of the transaction, Duckhorn will become a privately held company.
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