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Home/News Feed/Segro rejects £12.6bn all-share takeover bid from Prologis, citing undervaluation and balance sheet concerns.
PLD
$144.00
-$1.25 -0.86%

Segro rejects £12.6bn all-share takeover bid from Prologis, citing undervaluation and balance sheet concerns.

Company Fundamentals
24 Jun 2026
Proactive Investors
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Neutral
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Prologis Inc made a £12.6 billion all-share takeover offer for Segro PLC, valuing Segro at a 24.6% premium to its recent share price. Segro rejected the proposal, which would have given Prologis shareholders about 10.5% of the combined company. Prologis argued the deal would provide Segro shareholders access to a larger global platform and stronger financial resources, addressing Segro's balance sheet constraints and unlocking value in its development pipeline. The US company urged Segro's board to engage in talks for a binding offer to be made to investors.

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Segro rejects Prologis takeover bid, FTSE 100 opens mixed amid UK political changes

Segro rejects Prologis takeover bid, FTSE 100 opens mixed amid UK political changes

Segro, a major UK logistics property group, rejected a £12.6 billion all-share takeover offer from US warehouse landlord Prologis, which values Segro at 925p per share. This move has sparked investor interest in the UK property sector, lifting shares...

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6 hours ago
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