PHILADELPHIA, January 20, 2026 – Cozen O’Connor represented Calavo Growers, Inc. (NASDAQ: CVGW) (Calavo), a provider of fresh avocados, tomatoes, papayas, and value-added prepared foods, in its definitive merger agreement to be acquired in a cash-and-stock transaction by Mission Produce, Inc. (NASDAQ: AVO) (Mission), a global producer and distributor of fresh avocados. Under the terms of the merger agreement, Calavo shareholders will receive $27.00 per share, comprised of $14.85 in cash and 0.9790 shares of Mission common stock for each share of Calavo. The transaction values Calavo at a total enterprise value of approximately $430 million.
Both companies’ boards of directors have approved the transaction, which is expected to close by the end of August 2026, subject to the satisfaction of certain closing conditions. The Cozen O’Connor team is led by Larry P. Laubach and includes Seth Popick, Eli S. Wolfe, Jonathan M. Grossman, Richard J. Silpe, James W. Forsyth, John E. Ludlum, Jeremy J. Garvey, Rikisha Collins, Matthew J. Howell, Ethan Heller, Nathan L. Rudy, Lisa C. Lopez, and Tithi Patel.
Cozen O’Connor’s Corporate Practice provides sophisticated counsel to a diverse set of businesses and entrepreneurs ranging from Fortune 500 and other multinational companies to mid-cap companies. The firm’s corporate attorneys assist clients from a wide range of industries in issues related to corporate governance, mergers and acquisitions, tax, securities, finance, and health law.
About Cozen O’Connor
Established in 1970, Cozen O’Connor has more than 1,000 attorneys who help clients manage risk and make better business decisions. The firm counsels clients on their most sophisticated legal matters in all areas of the law, including litigation, corporate, and regulatory law. Representing a broad array of leading global corporations and middle market companies, Cozen O’Connor serves its clients’ needs through 35 offices across two continents.