SEGRO PLC shares rose 7% after its board indicated it would likely recommend the latest takeover offer from Prologis Inc. Prologis increased its bid, offering 0.092 new shares per SEGRO share plus up to £3.5 billion in cash, valuing SEGRO at about £14 billion. The offer includes dividends and a commitment to a secondary London listing, improving terms by 9.5% and providing a 39% premium over SEGRO's previous share price. The board's support raises the chances of the deal completing, with the deadline extended to August 12 for a firm offer announcement.
Prologis reported strong 2Q26 earnings, surpassing expectations and raising its 2026 guidance to $6.22-$6.30 per share, highlighting robust demand and renewed market rent growth in the industrial REIT sector. The report signals a positive inflection ...
US logistics giant Prologis has raised its bid to acquire UK property group Segro to around £14 billion, offering a 9.5% higher share exchange plus a £3.5 billion partial cash option. The offer values Segro shares at a 39% premium over pre-offer pric...
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 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 th...
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 ...
