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Prologis Approaches Deadline for Potential SEGRO Acquisition
Industrial real estate giant Prologis faces a critical deadline to formalize its takeover bid for SEGRO or withdraw from the M&A process.
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NYSE-listed Prologis has publicly announced a potential takeover bid for FTSE 100 logistics property group Segro after its initial offer was rejected. On June 30, Prologis intensified its bid to acquire Segro following the rejection of its $16.6 billion all-stock offer. On July 2, the FTSE 100 jumped 175 points to reach 10,654, marking a two-month high for the index.
Industrial real estate giant Prologis faces a critical deadline to formalize its takeover bid for SEGRO or withdraw from the M&A process.
Read the full storySegro rejected a second £13.5 billion proposal from Prologis, maintaining that the improved valuation remains insufficient for the UK logistics firm.
Industrial REIT giant Prologis is pushing for a formal merger with SEGRO to expand its global logistics footprint despite board silence.
British retail giant Next is reportedly preparing a takeover bid for luxury department store Harvey Nichols as part of its ongoing brand expansion strategy.
The UK benchmark surged 175 points to 10,654 as weaker-than-expected US employment figures fueled global market optimism and policy shift hopes.
Prologis is ramping up pressure on UK-based Segro after its initial all-stock bid was rejected, arguing the deal offers a 25% premium for Segro shareholders.
US-based Prologis went public with a potential bid for UK logistics giant Segro following a private rejection, amid reports of a UK cabinet reshuffle.