AcquisitionsMay 14, 2026, 11:16 AM
Ingredion Offers 595p/Share for Tate & Lyle in All-Cash Bid
AI Summary
Ingredion Incorporated announced a non-binding all-cash offer to acquire Tate & Lyle PLC for 595 pence per share. The offer allows Tate & Lyle to declare and pay two ordinary course dividends totaling up to 20 pence per share. Ingredion believes this potential transaction would provide significant benefits to customers, consumers, employees, and shareholders. Discussions and due diligence are currently underway, with a deadline of June 11, 2026, for Ingredion to announce a firm intention to make an offer or withdraw.
Key Highlights
- Ingredion made a non-binding all-cash offer for Tate & Lyle PLC.
- The possible offer price is 595 pence per Tate & Lyle share.
- Tate & Lyle is permitted to pay two ordinary course dividends totaling up to 20 pence per share.
- Ingredion believes the potential transaction would deliver significant benefits to stakeholders.
- Discussions and a period of due diligence with Tate & Lyle are ongoing.
- Ingredion has until 5:00 pm London time on June 11, 2026, to make a firm offer.