Tate & Lyle To Acquire CP Kelco For $1.8 Bln
June 20 (Reuters) -Tate & Lyle PLC TATE.L:
COMBINATION OF TATE & LYLE AND CP KELCO
PROPOSED DEAL FOR TOTAL IMPLIED CONSIDERATION OF US$1.8 BILLION
PROPOSED TRANSACTION ACCRETIVE TO EARNINGS
ENTERED AGREEMENT TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF CP KELCO
PROPOSED TRANSACTION IS EXPECTED TO COMPLETE IN Q4 OF 2024 CALENDAR YEAR
TARGETED RUN-RATE COST SYNERGIES OF AT LEAST US$50 MILLION BY END OF SECOND FULL FY POST-COMPLETION.
NO CHANGE TO TATE & LYLE'S EXISTING APPROACH TO CAPITAL ALLOCATION AND DIVIDEND POLICY
Source text for Eikon: ID:nRST1448Ta
Further company coverage: TATE.L
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