Segro Rejects £13.5 Billion Cash and Share Takeover Proposal from Prologis

1-Minute Brief

The rejection highlights ongoing international interest in UK real estate and signals continued competition in the logistics property sector.

Key Facts

• Segro Plc has rejected a takeover proposal from Prologis Inc. valued at about £13.5 billion.
• Prologis is a US-based company that made the offer to acquire Segro.
• The proposal was a combination of cash and stock, according to both companies.
• Prologis stated its offer was worth £9.93 per Segro share and was submitted on July 16.
• This marks the third approach from Prologis to acquire Segro.

What Happened

Segro Plc declined a new acquisition proposal from Prologis Inc. that valued the UK warehouse landlord at approximately £13.5 billion, with the offer comprising both cash and shares.

Why It Matters

The event underscores the attractiveness of UK logistics and warehouse assets to global investors and could influence future consolidation or bidding activity in the sector.

What's Next

It remains to be seen whether Prologis or other bidders will make further offers, or if Segro will consider alternative strategic options.