The recommended deal values Segro's entire issued and to be issued ordinary share capital at approximately $18.8bn, with completion expected during the first half of 2027.

↗️ Palantir Technologies (PLTR): Shares in the software company jumped, closing up 29% after it reported strong earnings on Monday after the close. The stock recorded its largest one-day percentage gain since Feb.

Prologis announced it is acquiring European warehouse operator Segro for $18.8 billion. The post Prologis says $18.8B takeover of Segro moving forward appeared first on FreightWaves.

Segro had previously rebuffed three takeover offers from Prologis, with the most recent previous move worth about £13.5 billion.

Prologis (NYSE:PLD) has reached an agreement to acquire Segro Plc (LSE:SGRO) in a transaction worth approximately £14. 3 billion, combining two of the world’s largest industrial property owners.

Segro’s directors intend to unanimously recommend the offer to shareholders who will be entitled to receive 0.0920 newly issued shares in Prologis for each Segro share held, with a partial cash alternative.

In the late 1930s, Tate & Lyle chose to float on the London Stock Exchange (LSE) to reap the benefits of Britain’s recovering economy.

SEGRO (LON:SGRO) reported higher first-half earnings and rental income as improving occupier sentiment supported leasing activity, development pre-lets and rent reviews across its industrial, logistics and data-center operations. Chief Executive Officer David Sleath said the company had a “strong f

Prologis is moving to acquire Segro for $18.7B, potentially creating a major industrial merger and expanding its European presence.

Shares hit a near four-year high after Segro said late Wednesday that it would recommend Prologis’s latest proposal to shareholders.