What is Ingredion (NYSE:INGR) acquiring?

Ingredion has announced a definitive agreement to acquire Tate & Lyle, a UK-based ingredients specialist, in an all-cash transaction valued at approximately £3.7 billion ($5 billion).

How much are Tate & Lyle shareholders being paid?

Shareholders will receive 595 pence per share, representing a 59% premium over Tate & Lyle’s closing price on May 13, 2026. They will also get a final dividend of up to 13.2 pence per share for the fiscal year ended March 31, 2026, and an interim dividend of up to 6.8 pence per share for the six months ending September 30, 2026.

When is the deal expected to close?

The transaction is expected to be completed in the second half of 2027, pending customary regulatory approvals and closing conditions.

How will this acquisition affect Ingredion’s business?

The merger is designed to create a global leader in ingredient solutions, combining Ingredion’s expertise in starches and texture modifiers with Tate & Lyle’s footprint in sweeteners and fortification.

Will the deal impact Ingredion’s earnings per share?

Ingredion expects the acquisition to be accretive to adjusted EPS within the first year after completion.

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Ingredion to acquire Tate & Lyle in $5 billion all-cash deal

Written by Isaac FrancisPublished Jun. 8 2026Last Updated Jun. 8 2026

Ingredion (NYSE:INGR) announced on Monday a definitive agreement to acquire the UK-based ingredients specialist Tate & Lyle in an all-cash transaction.

The deal, which has been unanimously approved by Ingredion’s Board of Directors and recommended by the Board of Tate & Lyle, values the target at an enterprise value of approximately £3.7 billion ($5 billion), based on the exchange rate as of June 5, 2026.

Under the terms of the agreement, Tate & Lyle shareholders are set to receive 595 pence per share, representing a significant premium of approximately 59% over the company’s closing share price on May 13, 2026.

In addition to the base cash consideration, shareholders will be entitled to a final dividend of up to 13.2 pence per share for the financial year ended March 31, 2026, and an interim dividend of up to 6.8 pence per share for the six-month period ending September 30, 2026.

The transaction is designed to create a global leader in ingredient solutions, merging Ingredion’s expertise in starches and texture modifiers with Tate & Lyle’s established footprint in sweetening and fortification.

Ingredion expects the deal to be accretive to adjusted earnings per share (EPS) within the first year of completion.

To realize efficiency gains, Ingredion has outlined a strategy to achieve $130 million in run-rate net cost synergies by the end of 2030.

The company anticipates incurring approximately $175 million in one-time costs to execute this integration.

The transaction is expected to be completed in the second half of 2027.