Tate & Lyle, a UK ingredients company, is being acquired by a US rival in a deal valued at £2.7 billion, according to the report. The acquisition would result in Tate & Lyle leaving the London stock market. The company’s history traces back to a merger of two family-owned sugar businesses in Liverpool in 1921, which later became the Tate & Lyle brand. The report describes Tate & Lyle as an ingredients firm listed on the FTSE 250, and indicates that the transaction will end its status as a public company in the UK. Details on the buyer’s name, the structure of the offer, and timing are not provided in the supplied text. Overall, the sources agree on the core elements of the announcement: the acquisition price, the identity of the seller as Tate & Lyle, and the expectation that the company will delist from the London market following completion.
Tate & Lyle to be acquired in £2.7 billion deal by US rival
Tate & Lyle, a UK ingredients company, is being acquired by a US rival in a deal valued at £2.7 billion, according to the report. The acquisition would result in Tate & Lyle leaving the London stock m...
- Tate & Lyle is being acquired by a US rival.
- The reported deal value is £2.7 billion.
- The transaction would lead Tate & Lyle to leave the London stock market (delist).
- Tate & Lyle is described as an ingredients firm listed in the FTSE 250.
- The company’s origins are linked to a merger of two Liverpool family-owned sugar businesses in 1921.
It will see the FTSE 2500 ingredients firm, founded by the merger of two family-owned sugar business in Liverpool in 1921, leave the London stock market .
2 months agoIt will see the FTSE 2500 ingredients firm, founded by the merger of two family-owned sugar business in Liverpool in 1921, leave the London stock market .
2 months ago
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