Duckhorn Acquired by Butterfly Equity at $1.95 Billion

Exec Edge10-08

By Karen Roman Winemaker The Duckhorn Portfolio, Inc. (NYSE: NAPA) said it will be taken private in an all-cash deal worth $1.95 billion by Butterfly Equity, in a transaction expected to conclude this...

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(NYSE: NAPA) said it will be taken private in an all-cash deal worth $1.95 billion by Butterfly Equity, in a transaction expected to conclude this...</p>\n\n<a href=\"https://finance.yahoo.com/news/duckhorn-acquired-butterfly-equity-1-210622223.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EQR","symbol_name":"资产住宅公司","start_time":0,"source_url":"https://finance.yahoo.com/news/duckhorn-acquired-butterfly-equity-1-210622223.html","article_id":"2473343901","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Em50CFB1iUFWt.Rsi9beMw--~B/aD05ODQ7dz0yMjIwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/exec_edge_220/274cfe33a078affa68ef7b15848eeb99"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473343901","pubTimestamp":1728335182,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Winemaker The Duckhorn Portfolio, Inc.  said it will be taken private in an all-cash deal worth $1.95 billion by Butterfly Equity, in a transaction expected to conclude this winter.The private equity firm agreed to buy Duckhorn at $11.10 per share which is more than double its $5.40 closing price last Friday, it said in a statement. The transaction includes a 45-day go-shop period and is subject to shareholder and regulatory approval.Duckhorn went public in 2021. The company’s shares will delist from the New York Stock Exchange after the closing of the deal, according to the announcement.Duckhorn also reported net sales increased 7.3% in the fourth quarter to reach $107.4 million, and adjusted EBITDA surged 16.7% at $39.9 million.“We are pleased to conclude fiscal 2024 with a solid fourth quarter performance,” said Deirdre Mahlan, Duckhorn’s President and CEO. “We meaningfully advanced our strategic agenda in fiscal 2024, delivering strong operating and financial performance against a ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EQR":"资产住宅公司","BK4215":"住宅房地产投资信托","BK4585":"ETF&股票定投概念","NAPA":"The Duckhorn Portfolio, Inc.","BK4169":"酿酒商与葡萄酒商","BK4588":"碎股"},"translate_title":"Duckhorn被Butterfly Equity以19.5亿美元收购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQR":1,"NAPA":0.9},"content_text":"By Karen Roman\nWinemaker The Duckhorn Portfolio, Inc. (NYSE: NAPA) said it will be taken private in an all-cash deal worth $1.95 billion by Butterfly Equity, in a transaction expected to conclude this winter.\nThe private equity firm agreed to buy Duckhorn at $11.10 per share which is more than double its $5.40 closing price last Friday, it said in a statement. The transaction includes a 45-day go-shop period and is subject to shareholder and regulatory approval.\nDuckhorn went public in 2021. The company’s shares will delist from the New York Stock Exchange after the closing of the deal, according to the announcement.\nDuckhorn also reported net sales increased 7.3% in the fourth quarter to reach $107.4 million, and adjusted EBITDA surged 16.7% at $39.9 million.\n“We are pleased to conclude fiscal 2024 with a solid fourth quarter performance,” said Deirdre Mahlan, Duckhorn’s President and CEO. “We meaningfully advanced our strategic agenda in fiscal 2024, delivering strong operating and financial performance against a dynamic backdrop, including the strategic acquisition of Sonoma-Cutrer.”\nContact:\nExec Edge\nexecutives-edge.com\nEditor@executives-edge.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473343901"}