
Duckhorn Portfolio has struck a deal with Brown-Forman to acquire the California winery Sonoma-Cutrer for $400m in a combination of stock and cash.
Brown-Forman will receive a 21.5% stake in the US wine group, gaining 31.5m shares of Duckhorn’s common stock.
Duckhorn Portfolio has struck a deal with Brown-Forman to acquire the California winery Sonoma-Cutrer for $400m in a combination of stock and cash.