date:May 30, 2014
to 3.15 billion pounds.
Last month the company said it expected flat full-year earnings following a disappointing third quarter that led it to cut its forecast, hitting its share price.
Up until Wednesday's market close, Tate Lyle's shares had fallen 17 percent so far this year while the Stoxx Europe 600 Food Beverage sector index rose 2 percent.
That left it with a market capitalization of 3.1 billion pounds ($5.18 billion) and led to market speculation it could be vulnerable to an unsolic