on SEGRO PUBLIC LIMITED COMPANY (isin : GB00B5ZN1N88)
SEGRO Responds Firmly to Prologis Proposal
On July 9, 2026, SEGRO plc firmly rejected Prologis's recent acquisition proposal, emphasizing its strategic vision. The Board presented an H1 Trading Update that underscores SEGRO's standalone growth strategy, contrasting it with Prologis's rejected offer of 886p per share. Chairman Andy Harrison criticized the proposal as undervaluing SEGRO's potential.
Harrison noted that Prologis's approach failed to recognize SEGRO's unique portfolio, suggesting the proposal was opportunistic. SEGRO urged shareholders not to act on Prologis's bid, stressing its commitment to executing its strategic plans independently.
Prologis has until July 22, 2026, to confirm its intentions per the City Code on Takeovers and Mergers. This development marks a critical point in the ongoing discussions surrounding the possible acquisition.
R. H.
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