Ingredion Announces Recommended All-Cash Acquisition of Tate & Lyle
Ingredion announced a recommended all-cash acquisition of Tate & Lyle for approximately $5.0 billion (£3.7B), creating a scaled global leader in specialty ingredient solutions. The deal offers a 59% premium to Tate & Lyle’s May 13 closing price, with shareholders receiving 595 pence per share. Ingredion expects the transaction to be accretive to adjusted EPS in the first year following completion. Strategic benefits include broadening Ingredion’s platform in texturants and sugar reduction, plus $130 million in annual run-rate synergies expected by 2030.
Key figures
- Deal Value Usd
- 5000000000
- Huber pct
- 16.8%
- Premium pct
- 59%
- Deal Value Gbp
- £3.7B
- Huber shares
- 75,000,000
- Synergies annual
- $130 million
- Integration costs
- $175 million
- Offer price pence
- 595 pence
- Pro forma leverage
- 3.0x
- Target leverage 18m
- 2.5x
AI analysis
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