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Guardian
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US group Advent International ‘preparing bid for Tate & Lyle’
- US private equity firm Advent International is reportedly preparing a bid for UK company Tate & Lyle.
- Shares in Tate & Lyle surged by 13% following reports of Advent's interest.
- If a bid comes, it would value Tate & Lyle above its current market value of £2.8bn.
- Advent has previously made UK acquisitions, including the purchase of Cobham in 2020.
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