Prologis has intensified its bid for SEGRO PLC, offering £13.5 billion or 993p per share, which SEGRO has rejected as undervaluing its logistics assets. The US company must decide by Tuesday whether to make a firm bid or withdraw, amid accusations that SEGRO's valuation is based on unrealistic growth assumptions. Prologis claims its offer includes a 9.7% premium to SEGRO's net asset value and criticizes SEGRO's earlier rejection that cost shareholders. The outcome depends on whether SEGRO will reconsider before the deadline, with Prologis also proposing a secondary London listing to attract investors.
Jefferies has raised doubts about whether Segro, a FTSE 100 warehouse landlord, can achieve its projected growth and shareholder value without being taken over. Segro expects its development pipeline to generate £900 million in future rents and incre...
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 ...
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...
