Butterfly Equity Acquires Duckhorn Portfolio for $1.95 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2024
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Should l Buy ?
Source: Business Insider
Acquisition Details: Butterfly Equity has acquired The Duckhorn Portfolio for approximately $1.95 billion, aiming to enhance its global reach and operations; as a result, Duckhorn's stock has ceased trading on the NYSE and there are changes in its governance structure.
Company Overview: The Duckhorn Portfolio is a leading luxury wine company in North America, established in 1976, with a diverse selection of wines sourced from various regions, available in over 50 countries globally.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
