Wine maker The Duckhorn Portfolio (NYSE: NAPA) announced that it will be acquired by private equity firm Butterfly Equity in an all-cash deal valued at $1.95 billion. Under the terms of the agreement, Duckhorn shareholders will receive $11.10 per share, representing a premium of over 100% compared to the company's closing share price of $5.40 last Friday. The acquisition will take Duckhorn private and includes prominent wine brands such as Duckhorn and Kosta Browne. Trading volumes soared as the market reacted to the news, with shares trading over 100% higher pre-market. Brown-Forman Corporation (NYSE: BF.B), which owns 21.4% of Duckhorn, will see its stake increase in value from $267 million to approximately $350 million following the deal.