Mission Produce-Calavo Growers Merger Clears Mexican Antitrust, Expected to Close May 28
AVO sits 19% above its 52-week low of $10.
Summary
Mission Produce (AVO) has secured antitrust clearance from Mexico's Federal Economic Competition Commission (COFECE) for its acquisition of Calavo Growers (CVGW). This satisfies a key closing condition for the merger. The companies now anticipate the transaction will close on May 28, 2026. This follows previous regulatory and shareholder approvals, including the expiration of the HSR Act waiting period and Mission Produce's stockholder approval for the stock issuance, moving the significant ~$520 million acquisition closer to completion.
At the time of this announcement, AVO was trading at $11.92 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $844.5M. The 52-week trading range was $10.00 to $15.53. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.