Ingredion launches cash bid for Tate & Lyle valued at about GBP 3.7 billion
Ingredion Incorporated
Ingredion Incorporated INGR | 0.00 |
- Ingredion agreed to buy Tate & Lyle in an all-cash deal valuing the target at about GBP 3.7 billion (USD 5 billion).
- Offer set at 595 pence per share, a roughly 59% premium to Tate & Lyle’s May 13 close.
- Tate & Lyle shareholders also entitled to a final dividend of up to 13.2 pence and an interim dividend of up to 6.8 pence.
- Funding to come from cash, new debt, and a fully committed bridge facility; pro forma net leverage seen near 3x at closing.
- Deal targets about USD 130 million in annual net cost synergies by end-2030; closing expected in the second half of 2027.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ingredion Incorporated published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606100102OMX_____CNEWS_DE_GNW9734717_de) on June 10, 2026, and is solely responsible for the information contained therein.
