Prologis has welcomed the SEGRO board's unanimous conclusion that the financial terms of Prologis' best and final proposal are at a level it would be minded to recommend to SEGRO shareholders. The SEGRO board has extended the put-up or shut-up deadline to no later than 5.00 pm BST on 12 August 2026. Prologis stated that the proposed combination represents a compelling opportunity for shareholders of both companies and that it is ready to work with the SEGRO board to reach an outcome delivering value for all stakeholders. There can be no certainty that a firm offer will be made, and Prologis noted that the best and final proposal will not be increased except in certain limited circumstances.
Prologis IncPrologis' takeover proposal for SEGRO is progressing, with SEGRO board willing to recommend it, enhancing Prologis' growth prospects.
Segro PlcSEGRO board is willing to recommend Prologis' best and final proposal, indicating a potential premium acquisition for shareholders.