Alston & Bird is advising J.M. Huber Corporation in connection with Ingredion Inc.’s £2.7bn recommended all-cash offer for Tate & Lyle plc. Huber is a significant shareholder of Tate & Lyle and has provided an irrevocable undertaking in support of the transaction.
The transaction is intended to be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the UK Companies Act 2006, and remains subject to the satisfaction of customary conditions, including shareholder approval and regulatory clearances. It is expected to complete in the second half of 2027.
The Alston & Bird team advising J.M. Huber was led by partners Elaine Tapp and Robert Ardern, with support from James Ashe-Taylor, Simon Cahill, Irene Fraile, Anna Musk and Jonathan Kress.