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The acquisition provides a significant premium for shareholders, indicating strong investor interest.
What happened, with direct paths to the underlying reporting
Duckhorn Portfolio to be purchased for $1.95 billion. Investors will receive $11.10 per share, a 106% premium. Fourth-quarter adjusted EPS at $0.14 exceeded analyst expectations. Revenue increased 7.3% year-over-year to $107.4 million. The deal's closing expected this winter with a 'go-shop' period.
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