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.

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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

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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.

SEGRO PLC (LSE:SGRO) shares jumped 7% to 957p in early trading on Thursday after the board of the warehouse developer said it "would be minded" to recommend the "best and final" takeover proposal made by Prologis Inc (NYSE:PLD), after the US logistics property group raised its offer and...

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A British data centre owner is set to accept a £14bn takeover offer from an American suitor in the latest blow to the London stock market.

Segro’s board has agreed to back the acquisition after Prologis made a final increase to its takeover bid. The post Segro’s board will back Prologis’ $18.7B takeover bid appeared first on FreightWaves.

Prologis—the world’s largest owner of industrial real estate—has made a 9.5% increase over its initial proposal to take over its smaller U.K. rival, ruling out further rises.