A Treasury Wine Bid for Duckhorn Would Be Negative -- Market Talk

Dow Jones10-08

0129 GMT - Treasury Wine Estates should think twice if it's considering gatecrashing the proposed $1.95 billion acquisition of Duckhorn Portfolio by Butterfly Equity, says Jefferies. Duckhorn's wine portfolio is at the right Luxury price points for Treasury Wine, so could be a good fit, analyst Michael Simotas says. "However, we do not see a strong case for Treasury Wine to step in," Jefferies says. That's because a deal would represent some 30% of Treasury Wine's valuation and it would significantly increase its exposure to the U.S. market, Jefferies says. Also, it's not long ago that Treasury Wine bet on the U.S. via a takeover of DAOU. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 07, 2024 21:29 ET (01:29 GMT)

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That's because a deal would represent some 30% of Treasury Wine's valuation and it would significantly increase its exposure to the U.S. market, Jefferies says. Also, it's not long ago that Treasury Wine bet on the U.S. via a takeover of DAOU. 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Duckhorn's wine ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"BK4169","symbol_name":"酿酒商与葡萄酒商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2473846457","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473846457","pubTimestamp":1728350940,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0129 GMT - Treasury Wine Estates should think twice if it's considering gatecrashing the proposed $1.95 billion acquisition of Duckhorn Portfolio by Butterfly Equity, says Jefferies. 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