Mission Produce holder receives 549k shares in merger
Mission Produce, Inc. reported a restructuring transaction by major shareholder Globalharvest Holdings Venture Ltd on a Form 4.
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Rhea-AI Filing Summary
Mission Produce, Inc. reported a restructuring transaction by major shareholder Globalharvest Holdings Venture Ltd on a Form 4. Globalharvest received 549,360 shares of Mission Produce common stock in exchange for 561,145 shares of Calavo Growers, Inc. common stock as part of merger-related consideration.
Under the merger agreement, each Calavo share was exchanged for 0.9790 Mission Produce share plus $14.85 in cash, with cash paid instead of any fractional Mission shares. Following this non-market transaction, Globalharvest directly holds 10,540,937 Mission Produce common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 549,360 | $0.00 | $0.00 |
Footnotes (1)
- F1. Received in exchange for 561,145 shares of Calavo Growers, Inc. ("Calavo") common stock in connection with the mergers of wholly owned subsidiaries of the Issuer and Calavo. Pursuant to the merger agreement by and among Calavo, wholly owned subsidiaries of the Issuer and the other parties thereto, holders of the Issuer's common stock had the right to receive, for each share of Calavo common stock held immediately prior to the effective time of the merger, 0.9790 shares of Issuer common stock and $14.85 in cash, without interest. Cash was received in lieu of fractional shares of Issuer common stock, at such price in accordance with the terms of the merger agreement.
Key Figures
Key Terms
Form 4 regulatory
ten percent owner regulatory
merger agreement financial
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