Introduction
Purecircle (PCRTF) is a worldwide leader of stevia (a natural sweetener currently applied as a substitute for sugar) production as well as one of the leading companies with R&D programs to improve the products it’s already offering. In 2019, the company ran into an accounting issue and trading in the company’s shares was suspended for about half a year. Right before trading re-started, US-based Ingredion (INGR) made an offer to acquire all outstanding shares of Purecircle. As Purecircle is currently trading at a discount to the cash offer, I see