Tate & Lyle Seen As Likely Takeover Candidate

US food and ingredients firm Cargill has been cited as a possible bidder for UK-based ingredients firm Tate & Lyle. The research note form brokers MF Global suggested that Cargill's spinoff of its fertiliser operations Mosaic could give the firm the financial flexibility to pursue acquisitions and a move for Tate & Lyle would help consolidate the US high fructose corn syrup market. Tate & Lyle's share price reacted very positively to the report and at one point was up by over 8% on January 20 2010. BMI recognises the merits of such a move, with Tate & Lyle currently

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