Calavo Growers receives unsolicited buyout proposal for $32.00 per share

Calavo Growers (CVGW) 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.