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Segro agrees $19 billion Prologis takeover after investor pressure

SEGRO logoSEGRO
Sig5.62Sen+4.30Env0.00Soc0.00Gov+1.20
Prologis logoPrologis
Sig5.20Sen+6.20Env0.00Soc0.00Gov+1.40

Segro has accepted Prologis’s takeover offer worth up to £14.3 billion ($19.19 billion) after investor pressure, making it among the largest foreign takeovers of a UK-listed company. The deal is for up to £10.54 per share, after Segro shares closed at £9.75. Segro owns about 10.9 million square metres across Europe and both firms are building a data-centre pipeline for AI, with timing set under UK takeover rules.

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