MONSEY, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is 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 at the following link to discuss your legal rights at no charge:
https://wohlfruchter.com/cases/the-duckhorn-portfolio/
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
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.”
About Wohl & Fruchter
Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
alerts@wohlfruchter.com
www.wohlfruchter.com
