SEGRO's board has unequivocally rejected an all-share combination proposal from Prologis. Under the indicative terms sent on 16 June 2026, SEGRO shareholders would receive 0.084 new Prologis shares for each SEGRO share, implying a value of 925 pence per share and valuing SEGRO's entire issued and to be issued ordinary share capital at approximately 12.6 billion pounds. Prologis urged SEGRO shareholders to encourage the board to engage so a binding offer could be put to shareholders. SEGRO last closed at 742.00 pence, down 0.30%.
Segro PlcSEGRO's board rejected the proposal, indicating the board believes the offer undervalues the company, which is positive for shareholders.
Prologis IncPrologis made an all-share takeover proposal for SEGRO, which was rejected; the outcome is uncertain.