Segro Board Rejects Prologis' £14 Billion Takeover Bid
The board of Segro has U-turned and rejected a £14 billion takeover bid from its US rival Prologis. Prologis had made a final offer for the logistics property company.
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Prologis makes final Segro offer of £14bn
US real estate giant’s fourth offer for London-listed rival follows previous bid of £13.5bn
Read full article →Segro board U-turns on £14bn takeover bid by US rival Prologis
UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’ The board of the UK warehouse landlord Segro has U-turned and said it would be willing to accept a £14bn takeover by Segro’s bigger US rival, Prologis, in a deal that would be one of the largest foreign takeovers of a UK-listed company. In the latest blow to the troubled London stock market, Segro said in a statement that its board had “unanimously concluded” it would recommend its shareholders acce...
By Joanna Partridge
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