Prologis has made a public, all-stock takeover proposal for UK warehouse owner Segro valued at £12.6 billion, representing a roughly 25% premium. Segro's board rejected the offer, and Prologis is now urging Segro shareholders to push for further engagement. The proposed deal would combine two large logistics warehouse owners in Europe, potentially creating one of the largest logistics platforms in the region. Prologis must decide whether to return with a revised proposal before the 22 July deadline, while investors watch for any competing bidders.
Segro PlcSegro received a takeover proposal at a 25% premium, which is positive for shareholders even though the board rejected it.
Prologis IncPrologis made a public all-stock bid for Segro, a strategic M&A move to expand its European logistics platform.