Prologis made a third takeover offer for SEGRO valued at about £13.5 billion, including a £2.7 billion cash option, but SEGRO's board rejected it once more. The offer values SEGRO shares at a 33.8% premium over pre-offer prices, yet SEGRO's chairman criticized the bid as opportunistic and undervaluing the company amid geopolitical tensions. Prologis faces a deadline to either firm up the offer or withdraw by July 22, with ongoing pressure on SEGRO shareholders to support the deal. This standoff highlights tensions in the logistics property market and potential shifts in ownership if Prologis proceeds.
US equity markets declined this week due to renewed conflict in the Middle East, which caused oil prices to surge amid concerns over supply disruptions through the Strait of Hormuz. However, cooler-than-expected inflation data (CPI and PPI) helped li...
Prologis, Inc. reported strong Q2 results with Core FFO per share rising nearly 12%, driven by diversified customers and geographies. The company is expanding into data centers and power pipelines, targeting 7.5%-10% yields by leveraging its logistic...
Prologis reported strong second quarter results with net earnings per share rising to $1.13 from $0.61 in 2025, driven by record leasing of over 67 million square feet and increased occupancy to 95.5%. The company raised its 2026 earnings guidance fo...
