Mergers & Acquisitions ·
On June 8, 2026, Ingredion Incorporated announced a recommended cash offer to acquire Tate & Lyle PLC for 595 pence…
INGRIngredion Inc
On June 8, 2026, Ingredion Incorporated announced a recommended cash offer to acquire Tate & Lyle PLC for 595 pence per share, totaling approximately £2.7 billion ($3.6 billion). To fund the acquisition, Ingredion entered into a 364-day senior unsecured bridge term loan credit facility of $4.225 billion with JPMorgan Chase Bank and other lenders. The transaction is subject to shareholder and court approval and is expected to complete in the second half of 2027. Ingredion operates in the ingredients industry, providing nature-based ingredient solutions for the food, beverage, and pharmaceutical sectors.