M&A
confidence high
sentiment neutral
materiality 0.75
Calavo shareholders approve merger with Mission Produce; advisory compensation vote fails
CALAVO GROWERS INC
- Merger agreement proposal approved: 12.1M votes for, 960k against, 11.5k abstentions.
- Non-binding advisory compensation proposal rejected: 5.3M for, 7.7M against, 29.8k abstentions.
- Closing expected in fiscal quarter ending July 31, 2026, subject to Mexican regulatory approvals.
- Calavo common stock to be halted and delisted from Nasdaq upon closing.
- Turnout: 13.1M of 17.9M shares voted (73.19% of outstanding).