Huber: Tate & Lyle to forgo shareholder vote on proposed acquisition of CP Kelco

Tate & Lyle has said it no longer needs stakeholder approval for the US$1.8 billion proposed buyout of CP Kelco from J.M Huber Corporation. The decision is based on the Financial Conduct Authority's changes to the UK Listing Rules, which took effect from July 29. "Under the New Listing Rules, completion of the Proposed Transaction is no longer required to be conditional on the approval of Tate & Lyle's shareholders," says the company.