MergerApr 29, 2026, 06:13 AM
AVO Stockholders Approve Share Issuance for Calavo Mergers
AI Summary
Mission Produce, Inc. stockholders approved the issuance of common stock for the proposed mergers with Calavo Growers, Inc. at a special meeting held on April 28, 2026. The Share Issuance Proposal received 49,222,202 votes in favor, ensuring its approval. The mergers are anticipated to be consummated in the fiscal quarter ending July 31, 2026, subject to customary closing conditions.
Key Highlights
- AVO stockholders approved the issuance of common stock for the mergers with Calavo Growers, Inc.
- The Share Issuance Proposal received 49,222,202 votes For.
- There were 605,041 votes Against and 7,500 abstentions for the share issuance.
- A quorum of 49,834,743 shares, representing approximately 70% of outstanding shares, was present.
- The mergers are expected to close in the fiscal quarter ending July 31, 2026.