CVGW News & Events

Mission Produce (AVO) and Calavo Growers (CVGW) announced, in connection with Mission Produce's pending acquisition of Calavo, that Mission Produce has obtained antitrust clearance from Mexico's Federal Economic Competition Commission. This clearance satisfies the acquisition's closing condition set forth in the previously announced merger agreement regarding the receipt of antitrust approval in Mexico. As such, subject to the continued satisfaction of all closing conditions, Mission Produce and Calavo currently expect that the transaction will close on May 28.

Roth Capital analyst Gerry Sweeney views Mission Produce's (AVO) acquisition of Calavo Growers (CVGW) as "highly positive." The deal should drive greater scale and utilization of the company's distribution assets, the analyst tells investors in a research note. Roth says Mission's technology and services around operational relationships can allow for greater market share through Calavo's customer base. It has a Buy rating on Mission Produce with a $17 price target.