Updated
Updated · Bloomberg · Jun 24Segro Rejects Prologis’ £12.6 Billion Takeover Bid
3 articles · Updated · Bloomberg · Jun 24Summary
- Segro turned down a £12.6 billion takeover approach from Prologis, rebuffing an overseas bid for the FTSE 100 warehouse landlord.
- The rejection leaves the door open only for now, with the report indicating the target said no at this stage rather than ruling out any future move.
- Prologis’ approach adds to a run of takeover interest in UK-listed companies, underscoring continued pressure on FTSE 100 firms from foreign buyers.
Insights
After rejecting a £12.6B bid, can Segro unlock more value by spinning off its prized data center business? How is the AI boom turning humble warehouses into the targets of multi-billion dollar takeover battles?