Tate & Lyle Confirms Takeover Talks with Ingredion in $3.7 Billion Bid
London-based food and beverage ingredient manufacturer Tate & Lyle confirmed Thursday that it is engaged in high-level discussions with U.S.-based Ingredion regarding a potential $3.7 billion takeover. The proposal represents a significant 64% premium over Tate & Lyle’s closing share price on Wednesday, signaling a major consolidation effort within the global food supply sector. The…