Calavo Growers, a processor and distributor of avocados, tomatoes, papayas and guacamole, said on its website that it received a non-binding, indicative proposal to acquire the outstanding shares of the company, valued at $32 per share of its common stock.
The company said this proposal consists of a combination of stock of the proposing party and cash.
Calavo Growers said its board of directors will review the proposal and consult with its legal and financial advisers, and it may or may not lead to a transaction.
