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Exactly SilverSpoons - that's exactly why I think this is a very opportunistic deal and a steal if our Board falls for it. Ingredion themselves know that and will have massive synergies from doing the deal anywhere below £8.50p...

TATE would recover quite well all on its own way above this puny 595pence bid level without acceting this Ingredion bid level imo

Country risk?

It has confirmed its made an offer tommy:-

"Ingredion Inc on Thursday afternoon confirmed that it has made a non-binding indicative offer for UK peer Tate & Lyle PLC. ..."

Also saying the purchase can offer "significant" benefits...Hopefully other bidders will emerge too and the Board finally begine to work in shareholder interests and increase the offer to a fairer 750p+ to 850p range...

Ingredions first try is FAR FAR too low and opportunistically times just on Tate & Lyles inflection turnaround & new Management installation.

Long term charts show 595p bid is only where it was 6 months ago and a fairer price for this business at this stage of its upturn should be 950p+ or 850p+ at the low end...The Board would be silly (nay negligent) to its shareholders after being in the 750p's after recommending buying Kelcoo to now accepts such a low offer now destroying their own value steps for anywhere near 595p!

615p as an initial Takeover offer is FAR too low for this recovering business especially as its business units are just starting their up-turn and hopefully better board/management. Board should be rejecting and securing a fairer price for shareholders IMO - this is only back to where it already was ON ITS OWN merits just 6 months ago!

FAR TOO CHEAP A SPECULATIVE FIRST OFFER HERE imo BAORD CAN & SHOULD DO A LOT BETTER AS FOOD INFLATION WILL BE A HUGE TAILWIND FOR #TATE.L FROM NOW ALL BY ITS OWN...

Country risk?

Good post. Synthomer can't be out of the woods yet if it competitor is also suffering from huge supply problems and reducing its production as a result...

Ahh! Thanks ActuaryBoi

*"Stating" (SIC below).

Trading Economics sationg its up 0.28% now.

YAY! BUT The TATE Board NEEDS to ensure the new CEO can add shareholder value straight away and make up for the circa -85% share losses under their last guy...Criminal under-performance needs addressing here as Priority Number 1.

"...CEO of Food ingredients maker Tate & Lyle's top ⁠boss Nick Hampton is preparing to step down after 8 years as CEO, Sky News reported ‌on Tuesday, citing industry sources.

* Shares of Tate & Lyle have lost about 34% of their value since Hampton's appointment. They fell ⁠42.3% ⁠in 2025...."

Reading Italy is now going to switch on & keep 3 coal generation power plants going upto 2038 now instead of the planned 2025 shuttering plan! HUGE SHIFT...

Many other sensible countries will have to do the same no doubt...TGA is very mis-priced down here ;)

It's actually really good consolidation that shows more buyers want in here...I'm liking the base being built here...ALso Coasl prices are up again today.

30th March 2026:-

Barclays cuts Tate & Lyle price target to 395 (410) pence - equal weight

The positive take is that this is healthy consolidation after its rapid rise recently - taking a breather isn't always bad and allows people who do homework another opportunity to add more at the discount...

Exactly - they will be forced to keep the lights on while abandoning their follish biases.

TGA been given a few Shakey shakes here to slow it down imo

Many thanks AngelsOneFive! Didn't know - so guess for UK shareholder we should only calculate 20% less than nameplate for the dividends then! Shame it can't be claimed back easily (guess they must have a Labour government too! ;)

Almost down to the below the £3's its looked like it wanted to go after terrible management statement and forecasts...still dancing around but weak - overall market risk may also kick in & push it down there too...Let's see.

Is the South African 20% withholding tax reclaimable by UK citizens & residents? Has anyone been reclaiming theirs here?

See it as a sign of management confidence. I'm happy they feel a dividend is still payable as part of its overall strong commitment to its Shareholder Return strategy.