UK's Tate & Lyle soars on takeover proposal from Ingredion

Tate & Lyle

14/05/2026 13:31

** Shares in Tate & Lyle TATE.L jumps 52% to 569.5 pence

** The food ingredients maker receives a 615 pence per share conditional cash proposal from U.S. ingredient solutions provider Ingredion INGR.N

** TATE is the top gainer on FTSE mid-caps .FTMC index, which is up 1.1%, and on track for record one-day percentage gain

** Stock up ~52% YTD

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))