Prologis rebuffed in £12.6bn bid for UK warehouse giant Segro

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US logistics giant Prologis launched a £12.6bn takeover bid for UK warehouse and industrial property specialist Segro, offering nearly a 25% premium on Segro's share price. Segro's board unanimously rejected the all-share bid, stating it undervalued the company and its growing data centre portfolio.

US logistics property giant Prologis has launched a £12.6bn takeover bid for Segro of a near-25% premium on the UK warehouse and industrial property specialist’s share price. However, Segro’s board has unanimously rejected the all-share bid, arguing it significantly undervalued the company and its growth prospects, particularly its expanding data centre portfolio. The post Prologis rebuffed in £12.6bn bid for UK warehouse giant Segro appeared first on The Loadstar.