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Tate & Lyle agrees £3.8bn takeover by US rival Ingredion with 64% premium including dividends

Company Fundamentals
08 Jun 2026
Proactive Investors
View Source
Bullish
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Tate & Lyle PLC has agreed to a £2.7 billion cash takeover by US ingredients group Ingredion, valuing the company at approximately £3.8 billion including dividends. Shareholders will receive 595p per share plus dividends totaling up to 615p per share, representing a 64% premium over the pre-offer share price. The deal, recommended unanimously by Tate & Lyle's board after advice from financial advisers, is subject to shareholder, court, and regulatory approvals. Ingredion has secured support from shareholders holding about 17.1% of shares, and the acquisition will proceed via a court-sanctioned scheme of arrangement.

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