Brief: Tate & Lyle To Receive 595 Pence Cash Per Share & Up To 20 Pence In Dividends From Ingredion Deal
BRIEF-Tate & Lyle To Receive 595 Pence Cash Per Share & Up To 20 Pence In Dividends From Ingredion Deal June 8 (Reuters) - Tate & Lyle PLC TATE.L & Ingredion Inc INGR.N :
INGREDION INC. TATE LYLE PLC - RECOMMENDED CASH ACQUISITION OF TATE LYLE PLC
TATE LYLE - SHAREHOLDERS TO RECEIVE 595 PENCE CASH PER SHARE PLUS UP TO 20 PENCE IN DIVIDENDS
TATE & LYLE - DEAL VALUES TATE LYLE AT £2.7 BILLION EQUITY, £3.7 BILLION ENTERPRISE VALUE
TATE & LYLE - INTEGRATION EXPECTED TO DELIVER $130 MILLION COST SYNERGIES BY END 2030 WITH $175 MILLION ONE-OFF COSTS
TATE & LYLE: DIRECTORS BELIEVE FINANCIAL TERMS OF ACQUISITION REPRESENT ATTRACTIVE OPPORTUNITY FOR CO'S SHAREHOLDERS
TATE & LYLE - TOTAL CONSIDERATION INCLUDING DIVIDEND VALUES TATE & LYLE AT £2.8 BLN EQUITY, £3.8 BLN ENTERPRISE VALUE
INGREDION - ACQUISITION EXPECTED TO BE ACCRETIVE TO ADJ EPS BY OVER 15% IN FIRST FULL FISCAL YEAR
Source text: ID:nRSH3659Ha
Further company coverage: TATE.L
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Tate & Lyle
See all newsUK's Tate & Lyle to hike prices as Middle East conflict drives costs higher
Brief: Tate & Lyle To Pass Through Cost Inflation As It Renews Customer Framework Agreements For 2027
UK's Tate & Lyle H1 revenue rises, maintains 2027 forecast
Half-year Financial Report
Tate & Lyle PLC Morgan Stanley - Holding(s) in Company