AcquisitionsJun 24, 2026, 06:26 AM
Prologis Proposes SEGRO Acquisition; SEGRO Rejects Offer
AI Summary
Prologis, Inc. announced it sent an indicative all-share proposal to acquire SEGRO plc on June 16, 2026. However, SEGRO's Board unequivocally rejected this Combination proposal on June 23, 2026. Prologis is now urging SEGRO shareholders to encourage the SEGRO Board to engage to allow for a binding offer. According to UK Takeover Code Rule 2.6(a), Prologis is required to announce a firm intention to make an offer or state it does not intend to by July 22, 2026.
Key Highlights
- Prologis proposed an all-share acquisition of SEGRO on June 16, 2026.
- SEGRO's Board unequivocally rejected the acquisition proposal on June 23, 2026.
- Prologis urged SEGRO shareholders to encourage board engagement for a binding offer.
- Prologis must announce a firm offer or withdrawal by July 22, 2026, per UK Takeover Code.
Price Impact
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