Added to YB: 2026-06-11
Pitch date: 2026-06-09
TATE.L [neutral]
Tate & Lyle plc
-0.18%
current return
Author Info
No bio for this author
Company Info
Tate & Lyle plc, together with its subsidiaries, engages in the provision of ingredients and solutions to the food, beverages, and other industries in North America, Asia, Middle East, Africa, Latin America, and Europe.
Market Cap
GBP 2.5B
Pitch Price
GBP 5.62
Price Target
N/A
Dividend
3.53%
EV/EBITDA
8.52
P/E
N/A
EV/Sales
N/A
Sector
Food Products
Category
special_situation
Tate & Lyle's PLC (LON: TATE)
TATE.L (overview): £2.7B all-cash takeover by Ingredion at 595p (615p w/ dividends), ~8.8x EBITDA, ending 87-yr LSE listing as last original FT-30 name. Won after 5 rounds (initial 530p). FY26 rev £2B, op profit £180M. Specialty ingredients post-sugar pivot. Premium vs depressed 345p reflects chronic UK market discount, not strength—86% of 2026 UK deals foreign-led.
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