Tate & Lyle Drifts Under Ingredion Offer as Deal Timeline Becomes Focus
Tate & Lyle shares traded at 514.5 GBX in London at 15:00 BST, down 1.25%, as investors awaited clarity on Ingredion’s possible takeover offer of up to 615p per share. The companies remain in talks, with a June 11 deadline for a firm bid. Tate & Lyle’s full-year results are due May 21. The stock price remains well below Ingredion’s proposed value.