Ingredion offered the equivalent of $7.94 for each Tate & Lyle share, a 59% premium to the last closing price before takeover talks were disclosed last month.
Tate & Lyle PLC (LSE:TATE) has agreed to a £2.7 billion takeover by US ingredients group Ingredion, confirming a deal that was first proposed last month. Under the terms of the recommended acquisition, shareholders in the FTSE 250-listed group will receive 595p in cash for each share, and be entitled to retain a final dividend of up to 13.2p for the 2026 financial year and an interim dividend o...
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