BRIEF-Tate & Lyle To Receive 595 Pence Cash Per Share & Up To 20 Pence In Dividends From Ingredion Deal

Ingredion Incorporated

Ingredion Incorporated

INGR

0.00

June 8 (Reuters) - Tate & Lyle PLC TATE.L & Ingredion Inc INGR.N :

  • INGREDION INC. TATE LYLE PLC - RECOMMENDED CASH ACQUISITION OF TATE LYLE PLC

  • TATE LYLE - SHAREHOLDERS TO RECEIVE 595 PENCE CASH PER SHARE PLUS UP TO 20 PENCE IN DIVIDENDS

  • TATE & LYLE - DEAL VALUES TATE LYLE AT £2.7 BILLION EQUITY, £3.7 BILLION ENTERPRISE VALUE

  • TATE & LYLE - INTEGRATION EXPECTED TO DELIVER $130 MILLION COST SYNERGIES BY END 2030 WITH $175 MILLION ONE-OFF COSTS

  • TATE & LYLE: DIRECTORS BELIEVE FINANCIAL TERMS OF ACQUISITION REPRESENT ATTRACTIVE OPPORTUNITY FOR CO'S SHAREHOLDERS

  • TATE & LYLE - TOTAL CONSIDERATION INCLUDING DIVIDEND VALUES TATE & LYLE AT £2.8 BLN EQUITY, £3.8 BLN ENTERPRISE VALUE

  • INGREDION - ACQUISITION EXPECTED TO BE ACCRETIVE TO ADJ EPS BY OVER 15% IN FIRST FULL FISCAL YEAR

Source text: ID:nRSH3659Ha

Further company coverage: TATE.L


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