Mexican Antitrust Clearance Secured for Calavo Growers Acquisition; Merger Expected May 28

summarizeSummary

Mission Produce announced it has received Mexican antitrust clearance for its acquisition of Calavo Growers, satisfying a key condition, with the merger now expected to close on May 28, 2026.

check_boxKey Events

• Antitrust Clearance Obtained

  Mission Produce and Calavo Growers received approval from Mexico's Federal Economic Competition Commission (COFECE) for the pending acquisition.

• Key Merger Condition Met

  This clearance satisfies a critical closing condition outlined in the merger agreement, following previous HSR Act expiration and shareholder approval.

• Expected Closing Date Set

  Subject to the continued satisfaction of all closing conditions, the merger is now expected to be consummated on May 28, 2026.

auto_awesomeAnalysis

This filing confirms a major step towards the completion of Mission Produce's acquisition of Calavo Growers. Obtaining antitrust clearance from Mexico removes a significant regulatory hurdle and increases the certainty of the merger. The announcement of an expected closing date of May 28, 2026, provides a clear timeline for investors.