Prologis says Segro rejects third takeover proposal valuing UK co at £13.5 bln - PLD News | RalliesPrologis says Segro rejects third takeover proposal valuing UK co at £13.5 bln
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PLD• Prologis says Segro rejected latest takeover proposal
- Prologis, Inc. and Segro PLC issued a statement regarding a possible combination.
- Prologis announced a proposal to buy Segro.
- Prologis offered 0.09 shares per Segro share and a £2.7 billion partial cash alternative.
- The third proposal values each Segro share at 993 pence.
- Prologis said the third proposal values Segro at about £13.5 billion.
- Prologis said it plans to explore a secondary listing on the London Stock Exchange.
- Prologis said Segro shareholders would hold about 9.2% of Prologis after a combination.
- Prologis increased its 2026 core FFO per share guidance by 179 basis points.
- Prologis reported second-quarter same-store NOI growth of 8.5% and core FFO per share growth of 11.6% year on year.
- Prologis said its most recent proposal for Segro was made on 16 July and rejected on 17 July.
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