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 .

The combined company will generate nearly $10 billion in annual revenue and have a broad portfolio to address more consumer needs, such as clean label and lower sugar.

Ingredients giant Tate & Lyle has accepted a £2.7bn takeover deal by a rival American food firm, in the latest flight of a historic brand from London.

Illinois-based Ingredion Incorporated will pay up to 615p per share for the London-listed company

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 .

The deal comes after a recent spate of swoops for UK companies by foreign firms.

Empresa informou que espera fortalecer seu portfólio e criar oportunidades de crescimento ao combinar ofertas de produtos complementares e redes geográficas

The board of Tate & Lyle have backed the move by a US competitor to take it into private hands.

The group was first founded in the UK more than 165 years ago.

Ingredion to acquire Tate & Lyle for £3.7B ($5B) in an all-cash deal to expand its specialty ingredients portfolio. Read the details.

Ingredion is set to acquire Tate & Lyle for 2.7 billion pounds, approximately 3.6 billion dollars. This deal marks the end of Tate & Lyle's nearly century-long presence on the…

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 US rival Ingredion.

Illinois-based Ingredion Incorporated will pay up to 615p per share for the London-listed company