Tate & Lyle agrees £2.7bn takeover by US rival in new blow to FTSE

The Guardian The Guardian

Venerable but struggling UK firm backs deal with Chicago-based Ingredion which puts nearly 500 jobs worldwide at risk

Tate & Lyle has agreed to a £2.7bn takeover by its US rival Ingredion, in a deal that could put hundreds of jobs at risk and represents yet another loss for https://www.theguardian.com/business/londonstockexchangegroup">London’s struggling stock market.

The FTSE 250 business, which makes artificial sweeteners such as Splenda, has agreed to a deal that values it at 615p per share, about 60% above its price before news of a possible takeover emerged.

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