Duckhorn Portfolio's Selling Stockholders To Offer 12M Shares

Duckhorn Portfolio's Selling Stockholders To Offer 12M Shares
  • Duckhorn Portfolio Inc NAPA reported the commencement of a public offering of 12 million shares of its common stock by certain selling stockholders. 
  • The selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.8 million shares of common stock. 
  • Duckhorn will not receive any proceeds from the sale of the shares by the stockholders.
  • J.P. Morgan, Credit Suisse, and Jefferies are acting as joint lead book-running managers for the offering. 
  • Price Action: NAPA shares closed higher by 1.50% at $22.40 on Tuesday.

Posted In: BriefsNewsOfferings