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 prices and a 14% premium over net asset value, but Segro's board has yet to accept, having rejected a previous £13.5 billion offer. Prologis calls this its "best and final" offer and requests an extension to the negotiation deadline to finalize terms. If successful, Segro shareholders would own about 8.9% of the combined company, with Prologis considering a London secondary listing if investor interest is strong.
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 ...
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 ...
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...
