Calavo Growers received a non-binding acquisition bid, boosting share price by 15.69% in 5 days.

From Yahoo Finance: 2025-06-26 02:15:00

Calavo Growers, Inc. (NASDAQ: CVGW) is listed among the 10 best low-risk dividend-paying stocks for June 2025, recently receiving a non-binding acquisition proposal that boosted its share price in the last 5 days.

Calavo Growers, Inc. is an international company based in California, specializing in avocados and perishable food products. It operates in the Grown and Prepared segments, serving clients worldwide in retail grocery, foodservice, and club stores.

The company received a non-binding proposal to acquire all outstanding shares at $32 each, currently under review by the board. The proposing party remains anonymous, with advisors evaluating the offer’s benefits.

Following the proposal, Calavo Growers’ stock price rose by 15.69% in 5 days, reflecting positive investor sentiment. The company boasts low volatility with a beta of 0.40 and offers a 2.93% dividend yield, higher than last year’s by 33.33%.

While Calavo Growers presents investment potential, other AI stocks may offer greater upside with less risk. Investors seeking undervalued AI stocks can explore opportunities in the market for promising returns.

Read more: Calavo Growers Strengthens Dividend with Acquisition Bid