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Afternoon Brief, November 16th

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The Duckhorn Portfolio Announces an Agreement to Acquire Sonoma-Cutrer Vineyards: The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) announced today that it has entered into a definitive agreement to acquire Sonoma-Cutrer Vineyards (“Sonoma-Cutrer”), one of the largest luxury Chardonnay wineries in the U.S., from Brown-Forman Corporation (“Brown-Forman”), for approximately $400 million to be paid in a combination of Company stock and cash...

Virginia’s Shenandoah Valley Wine Trail Recognizes Shenandoah Cup Gold Medal Winners

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November 17th - The Shenandoah Valley Wine Trail, comprised of wineries in the Shenandoah Valley American Viticultural Area (AVA), the oldest and largest in...