Wine manufacturer Duckhorn to be obtained by Butterfly Equity in $1.95 billion bargain

(Reuters) – Premier high-end a glass of wine manufacturer Duckhorn Portfolio claimed on Monday personal equity company Butterfly Equity will certainly get the firm in an all-cash bargain worth $1.95 billion.

Butterfly Equity will certainly pay Duckhorn shareholders $11.10 per share, standing for a costs of concerning 106% to the a glass of wine manufacturer’s last close on Friday.

Shares of Duckhorn were trading at $10.92 in premarket trading.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Krishna Chandra Eluri)