Bloomberg

Ingredion CEO Says Tate & Lyle Deal Creates Powerhouse

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Ingredion Inc. agreed to buy Tate & Lyle Plc for £2.7 billion ($3.6 billion), and will end the UK company's near-century listing on the London Stock Exchange. Ingredion Chief Executive Officer James Zallie says the US company paid a "fair" premium and this deal creates an ingredients "powerhouse." He speaks on "Bloomberg The Close."

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