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

Posted by Hannah Genig

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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

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