Prologis publishes investor presentation on revised Segro offer proposal
PLD•Revised Segro offer terms
Prologis published an investor presentation on its third proposal to acquire SEGRO, featuring a partial cash alternative alongside an increased share-exchange ratio.
- Terms: 0.0890 new Prologis shares per SEGRO share, or elect up to 20% cash at 1,000 pence per share, subject to pro rata scale-back.
- Implied value: 993 pence per SEGRO share assuming a 20% cash election; values SEGRO’s equity at about GBP 13.5 billion.
- Cash pool capped at GBP 2.7 billion; basic election equals 200 pence cash plus 0.0712 new Prologis shares per SEGRO share.
- Presentation posted at https://ir.prologis.com/potential-offer-for-segro-disclaimer.
