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Evening Standard
Evening Standard
National
Holly Williams

Tate & Lyle agrees £2.7bn takeover by US rival

Tate Ingredion Tate Lyle United States Ingredion Incorporated Illinois London
Sweetener and ingredients firm Tate & Lyle has warned over falling full-year sales and earnings after seeing a slowdown in market demand. (Tate & Lyle/PA) -

Sweetener and ingredients firm Tate & Lyle has agreed to be bought by US rival Ingredion Incorporated for around £2.7 billion in the latest takeover of a UK company.

Under the offer, Illinois-based Ingredion will pay up to 615p per share for London-listed Tate & Lyle, including 595p in cash and dividend payments due on top.

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