Duckhorn to Go Private in $1.95B Deal, Acquired by Butterfly Equity
Portfolio Pulse from Benzinga Newsdesk
Duckhorn Portfolio (NYSE:NAPA) is set to be acquired by Butterfly Equity in a $1.95 billion all-cash deal, offering a 65.3% premium to its recent average share price. The acquisition will result in Duckhorn becoming a private company, with its stock ceasing to trade on the NYSE.
October 07, 2024 | 11:03 am
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Duckhorn Portfolio is being acquired by Butterfly Equity for $1.95 billion, offering a 65.3% premium to its recent average share price. The acquisition will make Duckhorn a private company, delisting it from the NYSE.
The acquisition by Butterfly Equity at a significant premium is likely to positively impact Duckhorn's stock price in the short term as investors react to the premium offer. The move to go private and delist from the NYSE will also affect trading dynamics.
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