CALAVO GROWERS INC: The Big Merger – What You Need to Know

Calavo Growers, a global leader in avocados and fresh food, has officially merged with Mission Produce, Inc. As of May 28, 2026, Calavo is no longer an independent, publicly traded company.

1. What happened?

On May 28, 2026, Calavo Growers finalized its merger with Mission Produce. Mission Produce acquired Calavo, meaning Calavo’s stock has been delisted from the NASDAQ and the "CVGW" ticker symbol is retired. Calavo now operates as a subsidiary within the Mission Produce organization.

2. What does this mean for shareholders?

The deal was structured as a mix of cash and stock. For every share of Calavo you owned, you received:

• Cash: $14.85 per share (without interest).
• Stock: 0.9790 shares of Mission Produce common stock.

Mission Produce did not issue fractional shares. Instead, you should have received a cash payment for any partial share interests based on the stock price on the closing date.

3. Why did this happen?

The companies merged to combine their strengths and operate more efficiently in a competitive market. By joining Calavo’s distribution networks with Mission Produce’s global infrastructure, the new company aims to improve logistics and lower operational costs. Additionally, the deal cleared Calavo’s existing bank debt, resulting in a cleaner balance sheet for the combined entity.

4. Why does this matter for your portfolio?

This merger consolidates the produce sector and removes Calavo as a standalone investment. Your risk is no longer tied to Calavo’s individual performance. You are now exposed to the management, market risks, and financial health of Mission Produce. It is important to evaluate whether this new company still aligns with your original investment goals.

5. Who is affected?

• Investors: Your brokerage account should now reflect the cash payment and your new Mission Produce shares. Because this is a taxable event, you should consult with a tax professional regarding any capital gains or losses.
• Employees: The companies are currently integrating their corporate structures. This typically involves combining administrative teams and adjusting management roles to eliminate duplicate positions.
• Customers: The companies are working to integrate their supply chains while aiming to maintain consistent service for retail and food service partners.

6. What should you do now?

• Verify your account: Log into your brokerage account to confirm that you received the correct cash payment and the appropriate number of Mission Produce shares.
• Research the new entity: Treat this as a new investment. Read Mission Produce’s latest financial reports (10-K and 10-Q filings) to understand their revenue, debt levels, and long-term strategy.
• Reassess your strategy: Decide if holding Mission Produce stock fits your current portfolio goals. If the new company’s risk profile or business focus doesn't match what you were looking for when you bought Calavo, it may be time to rebalance your holdings.

Disclaimer: I am an AI, not a financial advisor. This summary is for informational purposes only and should not be taken as professional investment advice. Always do your own research or speak with a qualified financial advisor before making any trades.