Ingredion Announces Recommended All-Cash Acquisition of Tate & Lyle

Ingredion Incorporated announced a recommended all-cash acquisition of Tate & Lyle PLC for approximately £3.7B ($5.0B), or 595 pence per share, representing a 59% premium to Tate & Lyle's closing price as of May 13, 2026. The combined entity aims to create a global leader in specialty ingredient solutions with complementary portfolios in texturants, sugar reduction, and fortification. The deal is expected to deliver approximately $130 million in annual run-rate net cost synergies by end of 2030 and be adjusted EPS accretive in the first year post-completion. Completion is expected in the second half of 2027, subject to regulatory approvals and Tate & Lyle shareholder approval.