Tate & Lyle in talks over £2.7bn takeover tilt from US rival

Tate & Lyle in talks over £2.7bn takeover tilt from US rival

London-listed Tate & Lyle said it had received an approach from Illinois-based Ingredion worth 615p per share in cash.

Ingredion weighs £2.74bn cash offer for Tate & Lyle in possible takeover deal

Tate & Lyle has confirmed it is in discussions with US peer Ingredion over a possible cash offer for the UK food ingredients group, following a series of "earlier approaches" from the company.

Tate & Lyle shares soar on £2.7bn takeover bid

Ingredients giant Tate & Lyle soared almost 50 per cent after it received a £2.7bn takeover bid from an American food firm. The FTSE 250 firm saw its shares jump by 45 per cent on Thursday, to 543p, after its board said it is discussing the proposal from US company Ingredion. The bid stands at 615p per share, valuing Tate & Lyle at £2.7bn. Tate & Lyle, which supplies food and drink products to markets across the world, said it is discussing the …