Tate & Lyle PLC (LSE:TATE) has agreed to a £2.7 billion takeover by US ingredients group Ingredion, confirming a deal that was first proposed last month. Under the terms of the recommended acquisition, shareholders in the FTSE 250-listed group will receive 595p in cash for each share, and be entitled to retain a final dividend of up to 13.2p for the 2026 financial year and an interim dividend of up to 6.8p for the first half of the 2027 financial year.