Tate & Lyle Confirms Takeover Discussions with Ingredion
British food-and-beverage ingredient manufacturer Tate & Lyle confirmed Thursday that it is in preliminary talks regarding a potential $3.7 billion takeover offer from U.S.-based rival Ingredion. The proposed acquisition, which represents a 64% premium over Tate & Lyle’s Wednesday closing share price, has sent ripples through the global food supply chain sector as industry leaders…