INGR news

Ingredion reported Q3 revenue and earnings declines due to slower recovery at Argo and higher costs, leading to downward changes in full-year guidance. The company also noted progress integrating Tate & Lyle.

Ingredion reported lower Q2 operating income but reaffirmed full-year guidance, and its $595 per share all-cash offer to acquire Tate & Lyle has been accepted by the target's shareholders.

Ingredion Inc has agreed to acquire Tate & Lyle PLC for 595 pence per share in cash plus permitted dividends, valuing the company at approximately £2.7 billion ($3.6 billion) and representing a 58.7% premium to the pre-announcement share price. The transaction combines two major ingredients and star…