NAPA Merger News: Johnson Fistel Investigates Duckhorn and its Directors and Management Following Sale

Core Viewpoint - Johnson Fistel, LLP is investigating potential breaches of fiduciary duties by Duckhorn Portfolio Inc's board related to its proposed sale to Butterfly Equity, raising concerns about whether the board adequately pursued alternatives and secured the best price for shareholders [1][3]. Group 1: Acquisition Details - Duckhorn has accepted an acquisition proposal from Butterfly Equity, offering shareholders $11.10 per share in an all-cash transaction, after which Duckhorn will become a privately held entity [2]. Group 2: Investigation Focus - The investigation by Johnson Fistel centers on whether Duckhorn's board fulfilled its responsibilities to shareholders, particularly regarding the pursuit of alternative options and the pricing of the acquisition [3]. - Analyst projections for Duckhorn's earnings and revenue growth are highlighted, noting that the company's shares have historically traded at higher prices than the proposed acquisition offer [3].