Calavo Growers, Inc. announced on June 11, 2025, that it has received a non-binding, indicative proposal to acquire all of its outstanding shares for a nominal value of $32.00 per share. The consideration offered consists of a combination of stock from the proposing party and cash.
The proposal is subject to several conditions, including due diligence and financing. The company's Board of Directors is currently reviewing this non-binding offer in consultation with its legal and financial advisors.
This unsolicited proposal represents a significant potential premium for Calavo shareholders and could lead to a change in ownership. The company stated it does not intend to provide further comments or updates unless warranted by developments in the review process.
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