Truett-Hurst Shares Jump On $18M Sale Of Wine Business

Share on Facebook Tweet on Twitter

Posted by Hannah Genig

on Tuesday, 14 August 2018 10:51


Shares of wine and marketing company, Truett-Hurst Inc, were rallying more than 70 percent Tuesday after a deal announcement. 

Truett-Hurst said it's selling its wholesale wine business to Precept Brands LLC for $18 million cash, netting Truett-Hurst an estimated $15.9 million after taxes, expenses and fees. 

The wholesale business includes bottled wine inventory, brands, supplies, bulk wine inventory and related intellectual property.... CLICK for complete article

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...

Our Premium Service:
The Inside Edge on Making Money

Latest Update

Looking for the Bounce

On Monday from the morning high to the afternoon low the DJIA dropped over 900 points, then bounced over 300 points to “only” close down...

- posted by Martin Straith, Trend Technical Trader

Michael Campbell
Tyler Bollhorn Eric Coffin Patrick Ceresna
Josef Mark Leibovit Greg Weldon Ryan Irvine