AcquisitionsJul 28, 2026, 04:32 PM
Ingredion: Tate & Lyle Shareholders Accept Cash Offer
AI Summary
Ingredion Incorporated announced that Tate & Lyle PLC shareholders have accepted its recommended all-cash offer to acquire Tate & Lyle. This marks a significant step towards creating a global ingredient solutions leader with enhanced innovation capabilities. The transaction is expected to deliver approximately $130 million in run-rate net cost synergies by the end of 2030 and adjusted EPS accretion for Ingredion shareholders in the first year following completion. The closing is anticipated in the second half of 2027, subject to regulatory conditions.
Key Highlights
- Tate & Lyle shareholders accepted Ingredion's all-cash offer for its share capital.
- Transaction aims to create a global ingredient solutions leader.
- Expected run-rate net cost synergies of approximately $130 million.
- Synergies anticipated to be fully realized by the end of 2030.
- Adjusted EPS accretion for Ingredion shareholders in the first year post-completion.
- Transaction expected to close in H2 2027, pending regulatory approvals.
Price Impact
More from INGR