Davidson Kempner increases Tate & Lyle stake

Davidson Kempner Capital Management LP, a US hedge fund, has disclosed increasing its long position in Tate & Lyle plc, a UK-based food and beverage ingredients company, through a series of Rule 8.3 filings under the UK Takeover Code. The disclosures, made between August 12 and August 17, 2026, show the fund's interest in Tate & Lyle's ordinary shares rising from approximately 1.01% to 1.27% of the company. The increases were effected through cash-settled derivatives (CFDs), with the fund adding over 1.3 million shares in notional value across several transactions. The filings indicate that Davidson Kempner is not an exempt fund manager connected to the offeror or offeree, and no other dealings or agreements were reported. The activity suggests growing investor interest in Tate & Lyle, possibly in anticipation of a takeover or strategic development, though no formal offer has been announced.