Mission Produce, Inc. (AVO): M&A transaction — Mission Produce completes acquisition of Calavo Growers for $26.05 per share

Mission Produce, Inc.

Each Calavo share exchanged for $14.85 cash + 0.9790 Mission shares, total consideration ~$26.05/share.
Total consideration: ~17.5M Mission shares and $265.9M cash; funded by cash on hand and new debt.
Kathleen Holmgren, former Calavo chair, appointed to Mission's Board as Class III director.
Calavo common stock delisted from Nasdaq; trading suspended May 28, 2026.
Transaction unites two avocado companies, adding tomatoes, papayas, and prepared foods to Mission's platform.

item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Kathleen Holmgren

Class III director

AVO · Mission Produce, Inc.

Filed: May 29, 2026, 6:02 AM ET

In connection with the closing of the Mergers, effective as of the Closing Date, Kathleen Holmgren was appointed to the Board of Directors of the Company (the “ Board ”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kathleen Holmgren was appointed as Class III director at Mission Produce, Inc..

Action: appointed
Role: Class III director

Exact text from the filing

In connection with the closing of the Mergers, effective as of the Closing Date, Kathleen Holmgren was appointed to the Board of Directors of the Company (the “ Board ”).

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Mission Produce, Inc. completed an acquisition involving Calavo Growers, Inc. for $26.05 per share, comprised of $14.85 in cash and 0.9790 shares of Mission common stock for each share of Calavo (closed 2026-05-28).

Action: acquisition
Counterparty: Calavo Growers, Inc.
Consideration: $26.05 per share, comprised of $14.85 in cash and 0.9790 shares of Mission common stock for each share of Calavo
Closing: 2026-05-28

Exact text from the filing

(i) a number of validly issued, fully paid and nonassessable shares of common stock, par value $0.001 per share, of Mission Produce (“ Mission Produce Shares ”) equal to 0.9790 (the “ Exchange Ratio ” and such shares the “ Per Share Stock Consideration ”), subject to the right to receive cash in lieu of fractional Mission Produce Shares, if any, into

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15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Mission Produce, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-246175

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