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

Tate & Lyle

14/05/2026 13:52

Updates

** 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

** Takeover offer values TATE at 2.74 billion pounds ($3.70 billion)

** INGR falls 4.3% at $101.4 premarket

** 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

($1 = 0.7401 pounds)

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))