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One of UK's oldest listed cos Tate & Lyle accepts $3.6 billion bid from Ingredion
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 London Stock Exchange. The US company is offering 595 pence in cash per share. Investors may also receive up to 20 pence per share in dividends.
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fooddive.com
Ingredion strikes deal to buy Tate & Lyle for $3.6B
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.
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cityam.com
Tate & Lyle confirms £2.7bn takeover by US rival
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.
