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Calavo Growers, Inc. Announces Receipt of Unsolicited Proposal

1. Calavo Growers received a non-binding acquisition proposal at $32 per share. 2. Proposal involves stock and cash but requires due diligence and financing. 3. The Board of Directors is currently reviewing the proposal. 4. No guarantees of a transaction; company won't comment further unless necessary. 5. Calavo is a leader in avocado and guacamole products.

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FAQ

Why Bullish?

The acquisition proposal at a premium price indicates strong market interest. Historical examples show that acquisition talks often boost stock prices even if they don't materialize.

How important is it?

The proposal may indicate strategic value to CVGW, attracting investor attention and speculation.

Why Short Term?

Investor sentiment could react quickly to news cycles and developments related to the proposal. Short-term trading strategies typically capitalize on such news.

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SFMCH GGLANC
June 11, 2025 18:00 ET  | Source: Calavo Growers, Inc. SANTA PAULA, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW) (the “Company” or “Calavo”), a global leader in sourcing, packing and distribution of fresh avocados, tomatoes, papayas and processing of guacamole and other avocado products, today announced that it has received a non-binding, indicative proposal to acquire all of the outstanding shares of the Company for consideration nominally valued at $32.00 per share of the Company’s common stock, consisting of a combination of stock of the proposing party and cash. Among other conditions, the proposal is subject to due diligence and financing. The Company’s Board of Directors is reviewing this non-binding proposal in consultation with its legal and financial advisors. This non-binding proposal may or may not lead to a transaction, and the Company does not intend to comment or update further unless warranted. About Calavo Growers, Inc. Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are sold under the trusted Calavo brand name, proprietary sub-brands, private label and store brands. Founded in 1924, Calavo has a rich culture of innovation, sustainable practices and market growth. The Company serves retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers worldwide. Calavo is headquartered in Santa Paula, California, with facilities throughout the U.S. and Mexico. Learn more about The Family of Fresh™ at calavo.com. Investor Contact Jeremy Apple Senior Vice President Financial Profiles, Inc. calavo@finprofiles.com310-622-8233

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