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Evening Standard
Evening Standard
Business
Holly Williams

Tate & Lyle in talks over £2.7bn takeover tilt from US rival

Tate Ingredion United States Tate Lyle London Illinois
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 revealed talks over a possible £2.7 billion takeover by US rival Ingredion Incorporated in the latest swoop on a UK company.

London-listed Tate & Lyle said it had received an approach from Illinois-based Ingredion worth 615p per share in cash, which follows a number of earlier proposals.

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