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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A $3bn deal for the US firm could reportedly be finalised this week, combining the two big food firms.
Sale would mark latest takeover of a London-listed industrial group
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Exploration of deal worth tens of billions of dollars reflects struggle of both companies to combat subdued demand
