Mission Produce to Acquire Calavo Growers in Merger Deal

Mission Produce ( (AVO) ) has issued an update.

On January 14, 2026, Mission Produce entered into a definitive agreement to acquire Calavo Growers in a stock-and-cash transaction structured as a two-step merger, under which each Calavo share will be converted into Mission stock at a fixed exchange ratio of 0.9790 plus $14.85 in cash, subject to certain tax-driven adjustments to the cash/stock mix. The deal, intended to qualify as a tax-efficient reorganization, also provides for the cash-out and accelerated vesting of Calavo stock options and restricted stock units based on a defined merger consideration value, and calls for one independent Calavo director to join Mission’s board at closing. Completion of the transaction remains contingent on shareholder approvals from both companies, antitrust and other regulatory clearances, Nasdaq listing of the new Mission shares, and standard accuracy and performance conditions, with an outside termination date of July 14, 2026 and a framework of mutual termination rights and break-up fees that allocate regulatory and deal-failure risk between the parties.

The most recent analyst rating on (AVO) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Mission Produce stock, see the AVO Stock Forecast page.

Spark’s Take on AVO Stock

According to Spark, TipRanks’ AI Analyst, AVO is a Outperform.

Mission Produce’s overall score reflects strong financial health, strategic growth initiatives, and positive earnings call insights. The company’s low leverage and improving cash flow are significant strengths, while technical indicators suggest caution due to potential overvaluation. The strategic leadership transition further supports a positive outlook.

To see Spark’s full report on AVO stock, click here.

More about Mission Produce

Mission Produce, Inc. is a U.S.-based agribusiness focused on growing, sourcing, packaging and marketing fresh produce, notably avocados and other fresh and packaged foods, serving retail, foodservice and wholesale customers globally. Calavo Growers, Inc. operates in the same fresh and packaged foods space, and the planned combination is aimed at creating a larger player in the fresh and value-added produce markets with a broadened customer base and expanded marketing and sales capabilities.

Average Trading Volume: 405,099

Technical Sentiment Signal: Buy

Current Market Cap: $896.2M

See more data about AVO stock on TipRanks’ Stock Analysis page.