Segro accepts £14 billion takeover from US firm Prologsis

Yahoo Finance UK··Read original
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Summary · why it matters

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.

Impact on assets 2

Real Estate▲ · 2 stocks
Segro Plc
SGRO
▲ PositiveCapitalrelevance

Segro accepts £14bn takeover offer, delivering value to shareholders.

Prologis Inc
PLD
▲ PositiveCapitalrelevance

Prologis acquires Segro, expanding its portfolio and market presence.