Watch for a firm offer announcement or withdrawal by June 11, 2026. If a binding offer is made, expect INGR shares to re-rate on strategic rationale and potential synergies. Monitor Tate & Lyle's response and any competing bids.
Price Chart
Executive Summary
Ingredion disclosed a non-binding indicative all-cash offer for Tate & Lyle PLC at 595 pence per share. The offer is preliminary, subject to due diligence and regulatory approval, with a 'put up or shut up' deadline of June 11, 2026. This represents a transformative M&A move that would significantly expand Ingredion's scale in specialty ingredients.
Key Facts
- Non-binding indicative all-cash offer for Tate & Lyle PLC at 595 pence per share
- Ingredion is engaged in discussions and due diligence with Tate & Lyle
- Deadline to announce firm intention or withdraw: 5:00 pm London time on June 11, 2026 (PUSU deadline)
- Tate & Lyle permitted to pay up to 13 pence final dividend for FY ended March 2026 and up to 7 pence interim dividend for H1 ending September 2026
- J.P. Morgan is sole financial adviser to Ingredion
Financial Impact
Offer price of 595 pence per Tate & Lyle share; total deal value not disclosed in filing
Risk Factors
- Offer is non-binding and may not result in a firm offer
- Regulatory approvals in multiple jurisdictions required
- Integration risks and potential leverage increase from financing a large all-cash deal
- Competing bids could emerge for Tate & Lyle
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-034886 |
| Exhibit: exhibit991pressrelease.htm | 0001628280-26-034886 |
| Document: 0001628280-26-034886-index-headers.html | 0001628280-26-034886 |
| Document: 0001628280-26-034886-index.html | 0001628280-26-034886 |
| Document: 0001628280-26-034886.txt | 0001628280-26-034886 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 28, 2026 9w ago | 8-K | $101.74 $104.74 | ▲ +2.95% | ▼ −2.07% | $95.33 (−6.30%) |
Jun 30, 2026 13w ago | Press Release | $94.71 $101.45 | ▲ +7.12% | ▲ +8.14% | $95.33 (+0.65%) |
Jun 30, 2026 13w ago | 8-K | $94.71 $101.45 | ▲ +7.12% | ▲ +8.14% | $95.33 (+0.65%) |
Jun 25, 2026 14w ago | 8-K | $97.50 $100.25 | ▲ +2.82% | ▲ +1.56% | $95.33 (−2.23%) |
Jun 9, 2026 16w ago | 8-K | $102.54 $97.49 | ▼ −4.92% | ▼ −8.55% | $95.33 (−7.03%) |
Jun 8, 2026 16w ago | Press Release | $99.66 $99.29 | ▼ −0.37% | ▼ −2.00% | $95.33 (−4.34%) |
Jun 2, 2026 17w ago | Press Release | $101.12 $95.62 | ▼ −5.44% | ▼ −3.87% | $95.33 (−5.73%) |
May 28, 2026 18w ago | Press Release | $103.21 $97.50 | ▼ −5.53% | ▼ −2.39% | $95.33 (−7.63%) |
May 20, 2026 19w ago | Press Release | $102.15 $97.91 | ▼ −4.15% | ▼ −4.48% | $95.33 (−6.68%) |
May 14, 2026 20w ago | 8-K | $102.25 $101.59 | ▼ −0.65% | ▲ +0.21% | $95.33 (−6.77%) |
US Market Status
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