Segro has unanimously rejected a £12.6 billion takeover offer from US real estate giant Prologis, stating the bid undervalues the company and is opportunistically timed amid geopolitical tensions affecting valuations. The FTSE 100 index showed mixed performance, with Segro shares surging 18% on the bid news, while major sectors like mining, oil, and defense dragged the index down. Oil prices fell to a three-month low, and gold dropped to levels not seen since November, influenced by a strong US dollar following the Federal Reserve's recent policy signals. Investors are also watching US futures and Micron's earnings for cues on AI-related spending and broader market direction.
Segro PLC has dismissed a £12.6 billion all-share takeover offer from US logistics giant Prologis, calling it opportunistically timed and undervaluing the company. The offer valued Segro at a 24.6% premium to its share price but was still below the b...
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...
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...
