UK Warehouse Landlord Segro Rejects £12.6 Billion Takeover Bid
UK warehouse landlord Segro has rejected a £12.6 billion takeover offer from its US rival Prologis. The bid was rebuffed, boosting the FTSE 100 index.
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Segro rejects £12.6bn takeover bid from US rival Prologis
San Francisco-based real estate group urges Segro shareholders to put pressure on company’s board to engage
Read full article →UK warehouse landlord Segro rejects £12.6bn takeover offer from US rival
FTSE 100 firm says Prologis all-share proposal turned down as it falls long way short of its own views on value The UK warehouse landlord Segro is at the centre of the latest transatlantic takeover battle after rejecting a £12.6bn takeover approach from the US rival Prologis. Prologis has gone public with its offer for the FTSE 100 company after it was “unequivocally rejected” by Segro’s board on Tuesday despite valuing the company at almost 25% more than its market value at that day’s close....
By Joanna Partridge
Read full article →Segro bid boosts FTSE 100 as gold and oil sink
UK warehouse landlord Segro rejected a £12.6 billion takeover proposal from US logistics property giant Prologis.
By Jeremy Cutler
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