Mission Produce Board Approves Stockholder Rights Plan

MT Newswires Live

01/22

Mission Produce (AVO) said Thursday its board of directors approved a one-year stockholder rights plan effective Jan. 21 to ensure fair treatment of all shareholders.

The plan follows an accumulation of common stock by Globalharvest Holdings Venture, and the company said it expects to continue to engage in dialogue with the investor regarding the holding.

The company added that the measure seeks to prevent any group from gaining control through open market tactics without paying an appropriate premium to all stockholders.

Shares of the company were up over 6% in recent trading.

Price: 13.92, Change: +0.80, Percent Change: +6.10

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