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Evening Standard
Evening Standard
National
Holly Williams

Tate & Lyle agrees £2.7bn US takeover in latest blow to London market

Tate Ingredion Tate Lyle London United States United Kingdom
The deal raises the spectre of job cuts (Alamy/PA) -

Sweetener and ingredients firm Tate & Lyle is the latest British firm to fall into foreign hands after agreeing a £2.7 billion takeover deal by US rival Ingredion Incorporated.

The deal will see Illinois-headquartered Ingredion pay up to 615p per share for London-listed Tate & Lyle, comprising 595p in cash plus dividend payments.

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