IN BRIEF: Tate & Lyle issues shares to complete purchase of CP Kelco
Tate & Lyle PLC - London-based provider of ingredients to food and beverage producers - Completes acquisition of CP Kelco from the US's JM Huber Corp. Tate & Lyle in June agreed to buy nature-based ingredients firm CP Kelco. The USD1.8 billion takeover of the Atlanta, Georgia-based company consisted of USD1.15 billion in cash, plus USD645 million from the issue of 75 million new Tate & Lyle shares, giving a value of USD8.60 per Tate & Lyle share. The new shares are admitted to trading in London on Monday, increasing the total to 476.7.6 million, including shares in treasury. Read More