Ingredion Inc

Ingredion Inc. announced an agreement to acquire Tate & Lyle PLC for approximately $3.5 billion, with completion expected in the second half of 2027. The company also completed the divestiture of 51% of its Pakistan business for $165 million, recognizing a $44 million net gain. For the second quarter of 2026, net sales increased slightly to $1.85 billion, but net income attributable to Ingredion decreased to $114 million from $196 million in Q2 2025, with diluted EPS falling to $1.78. The quarter saw increased restructuring charges and financing costs.

Ingredion announced that Tate & Lyle shareholders approved its all-cash offer of 595 pence per share, marking a significant step towards completing the acquisition. The company reported Q2 2026 adjusted diluted EPS of $2.82, a slight decrease from $2.87 in Q2 2025, while reported EPS fell to $1.78 from $2.99. Net sales increased by 1% to $1.85 billion. Ingredion also confirmed its revised full-year 2026 adjusted EPS guidance of $10.30 to $10.90, incorporating the divestment of its majority stake in Pakistan operations.

Ingredion reported Q2 2026 adjusted EPS of $2.82, a slight decrease from $2.87 in Q2 2025, with net sales increasing 1% to $1.85 billion. Reported operating income decreased 31%, while adjusted operating income saw a 5% decline. The company announced that Tate & Lyle shareholders accepted its all-cash acquisition offer and reaffirmed its amended full-year 2026 guidance for adjusted EPS between $10.30 and $10.90.

Ingredion reported its second quarter 2026 results, with reported EPS at $1.78 and adjusted EPS at $2.82, both lower than the prior year. Net sales increased 1% to $1.85 billion. The company announced that Tate & Lyle's shareholders accepted its all-cash offer for acquisition and confirmed the completion of the sale of its Pakistan business. Ingredion reaffirmed its full-year 2026 guidance, expecting adjusted EPS in the range of $10.30 to $10.90, reflecting the impact of the Pakistan business sale and ongoing operational improvements.

Ingredion Inc announced that its Board of Directors appointed Kenneth Escoe as a member of the Audit Committee on July 28, 2026. This appointment follows his election as a director of the Company on June 11, 2026, as previously reported in a Form 8-K.

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.

Ingredion Incorporated announced that shareholders of Tate & Lyle PLC have approved its recommended all-cash acquisition of Tate & Lyle. The acquisition, initially announced on June 8, 2026, will be implemented through a court-sanctioned scheme of arrangement under the UK Companies Act 2026. This approval satisfies a key condition for the deal, which is now expected to close in the second half of 2027, pending further antitrust conditions and court sanction.

Ingredion Incorporated announced it will release its second quarter 2026 financial results before the market opens on Tuesday, August 4, 2026. Following the release, the company will host a conference call at 8 a.m. CT to discuss its financial performance. The call will be hosted by Jim Zallie, chairman, president and chief executive officer, and Jason Payant, vice president and interim chief financial officer, and will be webcast live.

Ingredion Inc announced that Tate & Lyle PLC has published the Scheme Document related to Ingredion's previously announced cash acquisition of Tate & Lyle. The acquisition, which involves the entire issued and to be issued ordinary share capital of Tate & Lyle, is intended to be implemented through a court-sanctioned scheme of arrangement under the UK Companies Act 2006. Shareholder meetings for Tate & Lyle, including a Court Meeting and a General Meeting, are scheduled for July 28, 2026, to vote on the approval of the Scheme and related resolutions.

Ingredion Incorporated announced the completion of the previously disclosed sale of a 51% stake in its Pakistan-based subsidiary, Rafhan Maize Products Co. Ltd., to a group led by Nishat Hotels and Properties Limited. The transaction generated approximately $165 million in cash for Ingredion. Despite the sale, Ingredion will retain a 20% minority ownership interest in Rafhan Maize and has entered into a shareholders agreement with a put option, along with commercial agreements for continued manufacturing, supply, and distribution.