Prologis Says Segro Rejects Third Offer Valued at $18.2 Billion
Logistics real estate giant Prologis has stated that its latest takeover proposal for Segro was rejected, marking the third unsuccessful attempt to acquire the UK-based competitor.
Business & Markets • 3 months ago
Prologis announced that Segro has rejected its third takeover offer, which valued the UK logistics real estate company at approximately $18.2 billion. Prologis stated that its latest proposal represented a premium of 33.8% over Segro's stock closing price on June 23, prior to Prologis's initial offer.
This latest rejection signifies the continuation of discussions that began earlier in the year, with Prologis having made multiple attempts to secure an acquisition of Segro. The logistics real estate sector has seen significant activity, driven by the sustained demand for warehousing and distribution space, particularly in the wake of evolving supply chain dynamics.