M&A
confidence high
sentiment neutral
materiality 0.70
Calavo faces two shareholder lawsuits over Mission Produce merger, voluntarily supplements proxy
CALAVO GROWERS INC
- Two lawsuits filed March 26, 2026 in New York Supreme Court challenging the merger (Carroll v. Calavo, Jones v. Calavo).
- Calavo also received demand letters from purported shareholders alleging disclosure deficiencies in the Joint Proxy Statement/Prospectus.
- Calavo and Mission Produce believe allegations without merit but voluntarily issued supplemental disclosures to avoid delay; no admission of liability.
- Supplemental disclosures include additional details on Jefferies' financial analyses (selected companies, transactions, DCF) and director/executive interests.
- Special meetings of Mission Produce stockholders and Calavo shareholders scheduled for April 28, 2026 to vote on the merger.