Calavo Growers Completes Merger with Mission Produce, Delists from Nasdaq
Summary
Calavo Growers has completed its merger with Mission Produce, resulting in its delisting from Nasdaq and the conversion of its shares into cash and Mission Produce stock.
Key Events
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Merger Completed
Calavo Growers completed its previously announced merger with Mission Produce, Inc. on May 28, 2026, becoming a subsidiary of Mission Produce.
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Share Conversion and Consideration
Calavo shareholders received 0.9790 shares of Mission Produce common stock and $14.85 in cash for each Calavo share, based on a Merger Consideration Value of $27.69 per share.
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Delisting and Deregistration
Calavo Common Stock has been delisted from the Nasdaq Global Select Market, and the company will cease its reporting obligations under the Exchange Act.
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Board Resignations
All directors of Calavo Growers, including B. John Lindeman, Farha Aslam, and Marc L. Brown, resigned effective upon the merger's completion.
Analysis
This 8-K announces the definitive completion of the merger between Calavo Growers and Mission Produce, Inc. As a result, Calavo is no longer an independent public company; its common stock has been delisted from Nasdaq, and its reporting obligations will be suspended. Shareholders received a combination of cash and Mission Produce shares, and all Calavo directors have resigned.
At the time of this filing, CVGW was trading at $26.50 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $466.3M. This filing was assessed with neutral market sentiment and an importance score of 10 out of 10.