Ingredion To Acquire Tate & Lyle For $5 Billion In All-Cash Deal

Ingredion announced a $5 billion all-cash acquisition of Tate & Lyle, expanding its specialty ingredients portfolio. The deal is expected to generate $130 million in annual cost synergies by 2030 and close in H2 2027. However, INGR stock traded lower in premarket, down 0.98% to $99.00, as it remains in a longer-term downtrend trading below key moving averages.