Morningstar

Prologis Rebuffed in $16.6 Billion Takeover Approach for U.K.'s Segro

Provided by Dow Jones

By Adria Calatayud 




  Prologis, the world's largest owner of industrial real estate, said it made a 12.6 billion-pound ($16.63 billion) takeover approach for smaller U.K. peer Segro, which turned down the proposal. 



  Under Prologis's proposal, Segro shareholders would have received 0.084 new Prologis shares for each Segro share held, implying a value of 925 pence a share, the U.S. company said Wednesday. This represents a 25% premium to Segro's closing price on Tuesday, it added. 



  Segro's board unequivocally rejected the proposal, Prologis said. 



  Prologis said it sees a clear strategic rationale for a combination and urged Segro shareholders to encourage the board to engage with Prologis and allow them to consider an offer. 





  Write to Adria Calatayud at adria.calatayud@wsj.com 





  (END) Dow Jones Newswires



  June 24, 2026 02:35 ET (06:35 GMT)


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