Butterfly Acquires Duckhorn Portfolio for $11.10 per Share in Cash, Valuing the Deal at $1.95 Billion

Butterfly has acquired The Duckhorn Portfolio for $11.10 per share in cash, totaling approximately $1.95 billion. This transaction marks a significant move within the industry, highlighting the growing interest in premium wine brands. The acquisition reflects Butterfly’s commitment to expanding its portfolio and enhancing its presence in the luxury wine market. The Duckhorn Portfolio, known for its high-quality wines, will benefit from this partnership as both companies look to leverage their strengths for future growth.