We are investigating the fairness of the proposed sale of The Duckhorn Portfolio, Inc. (NYSE: NAPA) (“Duckhorn”) to Butterfly Equity (“Butterfly”) for $11.10 per share in cash.
The sale price is below the price target for Duckhorn of $14.00 per share of Wall Street analyst Robert Ottenstein of Evercore ISI Group (source: TipRanks).
If you remain a Duckhorn shareholder and question the fairness of the price, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.
Why is there an investigation?
On October 7, 2024, Duckhorn announced that it had agreed to be sold to Butterfly for $11.10 per share in cash.
Notably, the sale price is below the price target for Duckhorn of $14.00 per share of Wall Street analyst Robert Ottenstein of Evercore ISI Group (source: TipRanks).
“We are investigating whether the Duckhorn Board of Directors acted in the best interests of Duckhorn shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the price agreed upon is fair to Duckhorn shareholders, as well as whether all material information regarding the transaction has been fully disclosed.”