Prologis announced an underwritten public offering of 15 million common shares, with an option for underwriters to buy an additional 2.25 million shares. The net proceeds will support general corporate purposes and potential acquisitions, notably a possible combination with SEGRO plc. The company cautions that the SEGRO deal is not guaranteed and may not proceed as planned. This move aims to strengthen Prologis' position in the logistics real estate market and fund growth opportunities.
Prologis, Inc. has agreed to acquire SEGRO plc through a recommended share offer combined with a partial cash alternative, valuing SEGRO at approximately £14 billion. SEGRO shareholders will receive 0.0920 new Prologis shares per SEGRO share or opt f...
US logistics property group Prologis has agreed to acquire British real estate investment trust Segro in a deal valued around £13.5 billion. Segro shareholders will receive Prologis shares or a mix of cash and shares, with the offer representing a pr...
Prologis has agreed to acquire SEGRO for approximately $18.8 billion, combining two major logistics portfolios to create a global platform with $269 billion in assets. The deal will expand Prologis' European footprint by 47%, adding 368 million squar...
