UK logistics property firm Segro agrees to a takeover worth about £14 billion by US company Prologis, according to reports. The deal follows Segro’s earlier rejection of Prologis’ previous approaches. Earlier takeover offers were rebuffed multiple times, with the most recent prior offer valued at roughly £13.5 billion. The agreement represents a change from Segro’s earlier stance, when it did not accept Prologis’ bids. The reports indicate that the agreed consideration increases from the latest rejected offer, culminating in a proposed transaction at the higher figure. While the sources provided here do not detail the transaction structure, financing, or timing, they consistently frame the announcement as a negotiated outcome after repeated attempts by Prologis to acquire Segro. The coverage also highlights the approximate value movement from the previous offer levels to the agreed £14 billion, indicating that the final terms lead to Segro’s acceptance compared with its prior refusals.
Segro agrees £14 billion takeover by Prologis
UK logistics property firm Segro agrees to a takeover worth about £14 billion by US company Prologis, according to reports. The deal follows Segro’s earlier rejection of Prologis’ previous approaches....
- Segro agrees to a takeover by US firm Prologis valued at about £14 billion.
- Prologis’ earlier takeover offers were rejected by Segro.
- The most recent prior rejected offer is reported at roughly £13.5 billion.
- The announcement follows multiple approaches from Prologis before Segro accepts the latest terms.
Segro had previously rebuffed three takeover offers from Prologsis, with the most recent previous move worth about £13.5 billion.
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