Ingredients giant Tate & Lyle soared almost 50 per cent after it received a £2.7bn takeover bid from an American food firm.
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Ingredients giant Tate & Lyle has accepted a £2.7bn takeover deal by a rival American food firm, in the latest flight of a…
It will see the FTSE 2500 ingredients firm, founded by the merger of two family-owned sugar business in Liverpool in 1921, leave…
Tate & Lyle, which was an original member of the FT 30 index in 1935 and FTSE 100 in 1984, accepted a 615p per share offer from…
The deal comes after a recent spate of swoops for UK companies by foreign firms.
The board of Tate & Lyle have backed the move by a US competitor to take it into private hands.
Tate & Lyle has seen profit and revenue slip during a "disappointing year” marked by muted demand and a US buyer tabling an offer.
