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Value £13,500,000,000
Summary
Segro plc, a UK warehouse property developer, has rejected a £13.5 billion takeover approach from US rival Prologis, marking the third unsuccessful bid.
Summary of transaction details:
- Value: £13.5 billion
- Sector: Real Estate
- Advisor: Not disclosed
- Key Entities: Segro (Target), Prologis (Acquirer)
- Location: London, UK / San Francisco, US
Note: The Segro board unanimously concluded the proposal undervalues the company's portfolio and is opportunistically timed after share price declines, reflecting defensive stance amid consolidation pressure in logistics real estate.
Lead Investor / Acquirer
Prologis
Advising Broker
Undisclosed Firm
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Exited prioritisedOriginal Source
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