FTSE 250 food producer Tate & Lyle (LON:TATE) has recommended a £2.7 billion takeover by US peer Ingredion (NYSE:INGR). The speciality ingredients group has wrestled with higher costs and weak demand from customers in recent years. Earnings downgrades have ensued, dragging on the share price and leaving Tate & Lyle vulnerable to a bid. Sweetened … Continue reading Tate & Lyle recommends £2.7 billion Ingredion takeover