Tate & Lyle PLC and Staley Continental...
- Share via
Tate & Lyle PLC and Staley Continental announced that they have entered into a definitive merger agreement, providing for the acquisition of Staley by RP Acquisition, a wholly owned subsidiary of Tate & Lyle. The agreement provides that RP will pay $36.50 a share for Rolling Meadows, Ill.-based Staley and will continue to offer to purchase any $3.50 depositary preferred shares of Staley and any $3.75 cumulative preference shares of Staley at $53.15 per depositary preferred share and $105 per preference share, respectively.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
