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Tate & Lyle Stock Up On $3.6 Bln Cash Deal To Be Bought By Ingredion

Tate & Lyle Stock Up On $3.6 Bln Cash Deal To Be Bought By Ingredion

Shares of Tate & Lyle Plc were gaining around 14% on the London Stock Exchange after the British sweetener and food solutions firm announced Monday its agreement to a 595 pence per share all-cash deal to be bought by U.S. food ingredients maker Ingredion Inc. The cash consideration values Tate & Lyle at around 2.7 billion pounds or $3.6 billion, with an implied enterprise value of...
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