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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

Copyright 2020 Alliance News Limited. All Rights Reserved.

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PureCircle Adjusted Earnings Rise; Files Patent Case; Chair To Retire

LONDON (Alliance News) - PureCircle Ltd on Tuesday reported a dip in annual pretax profit, but a rise on an adjusted basis, while saying its long-time chairman, Paul Selway-Swift, will retire from

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24 Aug 2018 09:52

PureCircle knows no reason for share price movement

(Sharecast News) - AIM-listed PureCircle, the producer of stevia sweeteners, noted the increase in its trading volumes and share price volatility over the past few trading sessions and said it is not aware of any price sensitive information about the company that has yet to be disclosed.

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CORRECT: PureCircle Not Aware Of Reasons Behind Surge In Share Price

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PureCircle has US border restrictions lifted

(ShareCast News) - PureCircle, a producer and marketer of high purity stevia ingredients, has announced that the US Customs and Border Protection (CBP) have decided to release the company's refined stevia consignments after its investigation into the products. The hold up at the US border has been a

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