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Tate & Lyle Takeover Talks: Ingredion in the Mix
Description
Tate & Lyle, the UK-based ingredients company, is in talks for a potential £2.7 billion takeover by US rival Ingredion. The deal, valued at £615 per share, comes after Tate & Lyles recent struggles, including profit warnings and a drop in earnings. The merger would combine two major players in the ingredients market, with Ingredion employing over 12,000 worldwide. Both companies have felt the impact of slowing demand, and talks are ongoing, with Ingredion needing to make a firm offer by June 11th.
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