Tate & Lyle to Exit London Market After Takeover

By the Editorial Team · Wednesday, July 29, 2026

Tate & Lyle will be delisted from the London Stock Exchange after shareholders approved its £2.7 billion acquisition by US-based Ingredion. The deal highlights a growing trend of UK companies being bought by foreign firms, with the combined business expected to generate nearly $10 billion in annual revenue.

Tate & Lyle will cease trading on the London Stock Exchange after 91 years following shareholder approval of its £2.7 billion acquisition by the US-based Ingredion. The transaction, valued at 615 pence per share in cash, represented a 60 percent premium over Tate & Lyle's unaffected share price from May.

At the recent shareholder meeting, 82 percent of voting participants, representing 98.6 percent of voting shares, endorsed the takeover offer. Ingredion, a global ingredients producer, indicated that the combined entity is expected to achieve annual revenues of approximately $9.9 billion, with adjusted profits projected at $1.8 billion.

This acquisition marks another significant instance of a London-listed company choosing to delist this year amid an ongoing trend of increases in cross-border consolidations and market departures. Tate & Lyle’s exit reflects broader shifts within the UK’s public markets as overseas buyers continue to pursue strategic expansions through takeovers.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.