May 15th 2026
Ingredion’s Tate & Lyle buy would create a $10B global ingredient powerhouse.
The proposed deal would unite two of the food and beverage industry’s largest ingredients makers.
Global food and beverage ingredients manufacturer Ingredion offered conditionally $3.7 billion (£2.74 billion) to acquire British ingredients maker Tate & Lyle in a deal that would unite two of the industry’s largest players, the companies announced Thursday.
Under the proposal, Ingredion would pay Tate & Lyle shareholders a value up to 615 pence per share, the London-based ingredients company said.
That includes a combination of 595 pence in cash and the right to receive a final dividend for the financial year ended March 31, 2026, of up to 13 pence per share and an interim dividend for the six months ended Sept. 30, 2026, of up to 7 pence per share.
The news caused Tate & Lyle’s share price to spike by 45% on Thursday, jumping from 376.2 pence to 545 pence per share.
Source: https://www.tateandlyle.com/news/statement-regarding-possible-offer-tate-lyle