British warehouse developer Segro has accepted a £14 billion takeover offer from US rival Prologsis. The FTSE 100 group had previously rebuffed three offers, the last worth about £13.5 billion, before Prologsis made a best and final offer late last month. Segro’s board recommended the deal, calling the terms fair and reasonable, with shareholders receiving 1,032p per share, paid largely in stock plus £3.5 billion in cash. The combined entity will seek a secondary listing in London.
Segro PlcSegro accepts £14bn takeover offer, delivering value to shareholders.
Prologis IncPrologis acquires Segro, expanding its portfolio and market presence.