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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

REVEALED: Us group advent international preparing bid for tate lyle - The Real Truth

Advent Tate Advent International Tate Lyle United States FT
a view of the city of London over Blackfriars bridge
Tate & Lyle could become the next UK company to fall to an overseas takeover offer. Photograph: Amer Ghazzal/REX/Shutterstock

Tate & Lyle could become the next UK company to fall to an overseas takeover offer, after reports that the US private equity firm Advent International is preparing a bid for the group.

Shares in Tate & Lyle, which makes ingredients such as artificial sweeteners, jumped by as much as 13% on Wednesday after the Financial Times reported that Advent was in the early stages of preparing an offer.

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