AcquisitionsJun 9, 2026, 04:31 PM
Ingredion to Acquire Tate & Lyle for $3.6 Billion
AI Summary
Ingredion Incorporated announced a recommended all-cash offer to acquire Tate & Lyle PLC for approximately £2.7 billion ($3.6 billion). The deal aims to create a scaled global provider of specialty ingredient solutions, broadening Ingredion's platform and expanding its capabilities. The acquisition is expected to be completed in the second half of 2027, with significant cost synergies anticipated. Tate & Lyle's board unanimously recommends the offer to its shareholders.
Key Highlights
- Ingredion Inc. to acquire Tate & Lyle PLC for approximately £2.7 billion ($3.6 billion) in cash.
- The acquisition implies a total enterprise value of approximately £3.7 billion ($5.0 billion).
- Tate & Lyle shareholders to receive 595 pence per share in cash, plus potential dividends.
- The transaction is expected to be completed in the second half of 2027.
- The acquisition is expected to deliver significant run-rate net cost synergies of approximately $130 million.
- Ingredion expects pro forma net leverage at completion of approximately 3.0x net debt-to-adjusted EBITDA.
Price Impact
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