Prologis has disclosed that its most recent proposal for a possible combination with SEGRO was rejected on July 17, 2026, and that it must announce by 5:00 pm on July 22, 2026 whether it intends to make a firm offer. The company said a meeting with SEGRO management following the submission of its latest proposal did not provide meaningful clarity to enable further progress. SEGRO's board had previously rejected a March 2024 proposal within 72 hours, and a second proposal made on July 10, 2026 was turned down on July 12, 2026. Prologis stated it remains ready to engage constructively and believes SEGRO's defence relies on unrealistic risk assessments and assumptions. SEGRO shares were trading at 878.20 pence, down 2.51%.
Segro PlcSEGRO rejected Prologis's latest proposal, and its shares fell 2.51% on the news, reflecting market disappointment or uncertainty.
Prologis IncPrologis's takeover bid for SEGRO has been rejected multiple times, and it faces a deadline to clarify intentions, indicating a failed M&A attempt.