PURE.L Share News (PURE)

PURE.L Information

There is currently no data for PURE

PureCircle's Purchase By Ingredion Gets Green Light From Bermuda Court

Fri, 26th Jun 2020 18:45

(Alliance News) - Ingredion Inc on Friday said the Supreme Court of Bermuda has made an order sanctioning the acquisition of PureCircle Ltd by Ingredion SRSS Holdings Ltd.

The last day of PureCircle's trading in London is expected to be Tuesday next week, with shares to be suspended on Wednesday next week. The day after, the shares will be cancelled.

Back in April, the stevia sweetener producer agreed a GBP185.3 million takeover offer from US-based food ingredients maker.

Under the terms of the acquisition, PureCircle shareholders will receive 100 pence in cash for each PureCircle share or will be able to receive shares in SRSS Holdings Ltd, a UK company formed by Westchester, Illinois-based starch producer Ingredion.

PureCircle investors opting for the share alternative will get one SRSS share for each PureCircle share held.

Following the completion of the deal, Ingredion will own 75% of SRSS, while minority PurcCircle shareholders electing for the share alternative will own 25%.

PureCircle shares closed 0.2% lower in London on Friday at 96.40 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

More News

29 Oct 2009 08:51

PureCircle enters New Zealand

PureCircle, which makes natural sweeteners from the Stevia plant, announced that the drinks firm Frucor is to launch its Revive Supplement Water, which contains PureCircle's Reb A product, in New Zealand. 'We are delighted to be associated with Frucor in this important launch for the category which

23 Sep 2009 17:05

London close: Footsie dips into the red

A late swoon saw London's blue-chip index give up the gains of the morning to close marginally lower on the day, as investors banked profits ahead of the Federal Reserve's decision this evening on US interest rates and its quantitative easing (QE) programme. The morning's gains had been achieved on

23 Sep 2009 14:01

London afternoon: Footsie nears intra-day high

The market's climb regained momentum over the lunchtime session. Investors have been put in the mood to buy by the prospect of the Bank of England increasing its quantitative easing programme some time in the future. The minutes to the most recent meeting of the Bank of England's Monetary Policy co

23 Sep 2009 11:55

London midday: Market rises despite cash calls

The market is off the top but still in positive territory, despite a flood of fund raising announcements this morning. Property group Liberty International shares have been hit by a placing today of up to 56.1m new shares, increasing its shares in issue by just under 10%. The fund raising comes l

23 Sep 2009 08:12

PureCircle posts sweet profit as demand soars

PureCircle, which supplies sweeteners made from the extracts of leaves from the stevia plant to soft drinks giants such as Coca-Cola and Pepsico, posted a sharp rise in profits as demand for its product soared. Pre-tax profits in the year to June 30 climbed to £11.4m from £2.3m over the same period

8 Jul 2009 15:36

London afternoon: Downward drift continues

The majority of blue-chip stocks remain lower on the day, though heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its clients to take advantage of recent share price weakne

8 Jul 2009 12:02

London midday: Footsie still flat

On another directionless day with little in the way of company news to guide sentiment, Footsie sits just in the blue. Heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its c

8 Jul 2009 07:51

Big customer wins sweeten Pure Circle sales

Pure Circle, the maker of high intensity sweeteners used in a range of well known soft drinks, expects to report an 85% jump in sales in 2009 after gaining several high profile customers. The firm expects revenues of $62m, compared with $33m the previous year, with volume sales of its Reb A sweeten

Latest Share Chat

PURE.L Share News (PURE)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

PureCircle's Purchase By Ingredion Gets Green Light From Bermuda Court

Login to your account

Quickpicks are a member only feature

Login to your account