secwatch.observer — SEC 8-K summary
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Issuer:     CALAVO GROWERS INC (CVGW)
CIK:        0001133470
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0001558370-24-012417
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calavo Growers sells Fresh Cut business for $83M; focuses on core avocado/guacamole
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- Total consideration $83M: $52M for assets plus $31M for Riverside real estate.
- Net proceeds used to repay ~$45.8M in debt; credit line reduced from $90M to $75M.
- EVP Paul Harrison resigned to join buyer F&S; sale closed Aug 15, 2024.
- Pro forma FY2023 net income from continuing ops of $4.7M vs historical loss of ($8.3M).
- Company to report Q3 earnings on Sep 9, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133470/000155837024012417/0001558370-24-012417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133470/000155837024012417/cvgw-20240815x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-012417

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer