Segro, a major UK logistics property group, rejected a £12.6 billion all-share takeover offer from US warehouse landlord Prologis, which values Segro at 925p per share. This move has sparked investor interest in the UK property sector, lifting shares of Segro and other property developers. Meanwhile, the FTSE 100 opened indecisively with mixed performances across sectors, influenced by global economic data and political shifts in the UK, including a likely change in Chancellor if Andy Burnham becomes Prime Minister. The broader market saw weakness in tech stocks, particularly in AI-related companies, while UK economic indicators suggest contraction, raising doubts about further Bank of England rate hikes this year.

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Segro rejects £12.6bn all-share takeover bid from Prologis, citing undervaluation and balance sheet concerns.

Prologis Inc made a £12.6 billion all-share takeover offer for Segro PLC, valuing Segro at a 24.6% premium to its recent share price. Segro rejected the proposal, which would have given Prologis shareholders about 10.5% of the combined company. Prolo...

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Segro rejects Prologis takeover bid, FTSE 100 opens mixed amid UK political changes

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Segro rejects £12.6bn all-share takeover bid from Prologis, citing undervaluation and balance sheet concerns.

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Segro rejects Prologis takeover bid, FTSE 100 opens mixed amid UK political changes

More News (PLD)

Segro rejects £12.6bn all-share takeover bid from Prologis, citing undervaluation and balance sheet concerns.

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