UK's Segro hits over 1-1/2 year high after rejecting Prologis bid
Yesterday 08:40
BUZZ-UK's Segro hits over 1-1/2 year high after rejecting Prologis bid ** Shares of British warehouse landlord Segro SGRO.L up as much as 20% at 892 pence - their highest since September 2024
** U.S. logistics firm Prologis PLD.N says Segro rejects £12.6 billion ($16.61 billion) all-share takeover proposal
** Under terms of bid, SGRO shareholders would have received 0.084 new PLD shares for each SGRO share, implying a value of 925 pence apiece, a 24.7% premium to Segro's last close
** Prologis has until July 22 to announce a firm offer or walk away under British takeover rules
** YTD, SGRO up ~20%
($1 = 0.7586 pounds)
(Reporting by Neeshita Beura in Bengaluru)