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Ingredion Launches £2.7 Billion Bid for Tate & Lyle

Ingredion Inc. has made a takeover proposal for Tate & Lyle Plc, valuing the British ingredient manufacturer at up to £2.7 billion. The offer signals consolidation activity in the specialty ingredients sector. Tate & Lyle's board is reviewing the proposal and evaluating strategic options. If completed, the transaction would mark another significant delisting from the London Stock Exchange. Ingredion cited complementary product portfolios and operational synergies as the rationale for the approach.