London-listed ingredients firm Tate & Lyle says it receives an approach from US company Ingredion that could lead to a takeover. Multiple outlets report the offer is worth about £2.7 billion in total value and is presented as an all-cash bid.
The Independent and other coverage state the bid is priced at 615p per share. Financial Times reports that Tate & Lyle’s shares rise sharply following the announcement of the cash offer. Bloomberg notes the development raises the possibility that another well-known brand may leave London’s stock market if a deal progresses.
The reports describe the situation as an initial approach and do not indicate that a binding agreement has been reached. They also frame the bid as a corporate outcome that would affect Tate & Lyle’s listing status, depending on how negotiations proceed and whether shareholders accept the terms.
