Tate & Lyle uses new rules to swerve vote on Kelco buy.
Tate & Lyle said it would not be putting its £1.4bn acquisition of US speciality ingredients maker CP Kelco to shareholders for approval under new listing rules brought in by the UK’s financial regulator.
Tate & Lyle
03 October 2024 09:26:04
Source: Sharecast
Changes introduced by the Financial Conduct Authority took effect at the end of July permitting companies to take fewer matters to investors for a vote.
The company also said it was seeing positive volume momentum for the five months to August 31 and held guidance for full-year earnings, although it continued to expect to deliver revenue slightly lower than last year on a constant currency basis.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.