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.
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...
PLD remains the largest industrial landlord globally, leveraging its scale and diversification to outperform competitors. The company is aggressively expanding into data centers, committing billions to new developments, though power procurement chall...
