on SEGRO PUBLIC LIMITED COMPANY (isin : GB00B5ZN1N88)
SEGRO Rejects Proposal from Prologis
SEGRO plc's Board has rejected an unsolicited proposal from Prologis, Inc. The proposal involved an exchange of 0.084 new Prologis shares for each SEGRO share, valuing each SEGRO share at 925 pence. SEGRO deemed this offer significantly below its valuation of the company.
The company believes the proposal was timed to take advantage of a discrepancy between SEGRO's current share price and its solid business fundamentals. Recent geopolitical events have impacted the UK and EU real estate sectors, contrasting with the US market.
SEGRO remains confident in its prospects, supported by a strong balance sheet and a promising development pipeline. Prologis must announce its firm intention by 22 July 2026 per takeover regulations.
R. P.
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