Ingredion to acquire Tate and Lyle for $3.6 billion
British food ingredients maker Tate and Lyle has agreed to a 2.7 billion pound buyout from U.S. rival Ingredion. The deal creates a new global ingredients major.
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INGREDION INC will acquire TATE & LYLE PLC for £2.7 billion ($3.60 billion) in an all-cash deal announced on June 8. This transaction merges two major food and beverage ingredient providers from the United States and the United Kingdom. The deal creates a global ingredients leader with expanded scale in the specialized food additives market.
