June 7 (Reuters) - U.S. food ingredients maker Ingredion ( INGR )

is in advanced talks to acquire Britain's Tate & Lyle ( TATYF )

in a deal valued at £2.7 billion ($3.6 billion),

Bloomberg News reported on Sunday.

Ingredion ( INGR ) aims to announce a deal as soon as Monday, the

report said, citing people familiar with the matter.

Illinois-headquartered Ingredion ( INGR ) is set to unveil a firm

offer valued at 615 pence per share, Bloomberg said.

Reuters could not immediately verify the report. Ingredion ( INGR )

and Tate & Lyle ( TATYF ) did not immediately respond to requests for

comment.

Tate & Lyle ( TATYF ) said in May that Ingredion ( INGR ) was in talks over a

possible takeover valuing the London-listed firm at 615 pence

per share, comprising 595 pence in cash and up to 20 pence in

dividends.

The price represents a premium of around 25% to Tate &

Lyle's ( TATYF ) closing price on Friday.

A deal between Tate & Lyle ( TATYF ), known for its artificial

sweeteners used in Coca-Cola drinks, and Ingredion ( INGR ), could create

a food and beverage ingredients giant worth more than $10

billion, at a time when consumers are increasingly opting for

low-calorie drinks and diets.

($1 = 0.7497 pounds)