# Tate & Lyle agrees £2.7bn takeover by US rival

By Dan Coatsworth — 2026-06-08

Dan Coatsworth, head of markets at AJ Bell, said: “The UK stock market has been shrinking thanks to companies moving to pastures new and a wave of takeovers. Another one of its stalwarts is now on the chopping block.

“Ingredients business Tate & Lyle’s time as a public company looks to be up. Having secured the agreement of the board, a cash bid at a chunky premium from US rival Ingredion looks like it could be enough to get a deal over the line.

“Tate exited its eponymous sugar business more than 15 years ago and might now go out with a whimper. Shareholders might be relieved to exit after a disappointing period affected by weak demand, mounting costs and the impact of weight-loss drugs.

“A successful takeover represents another loss to the London market as it struggles to attract substantial new listings to replace the names which are steadily disappearing from its ranks.”

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