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Blow to City as Tate & Lyle is swallowed by US rival in £2.7bn deal
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.
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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.
