UK's Segro to buy Tritax EuroBox for $1.44 bln including debt (updated)

Tritax EuroBox

04/09/2024 07:57

(Adds detail on deal value and other interests in paragraphs 2-4)
       Sept 4 (Reuters) - British warehouse owner Segro  SGRO.L  will buy
Tritax EuroBox  EBOX.L  in a deal valuing the European logistics real estate
firm at about 1.10 billion pounds ($1.44 billion) including debt, the companies
said on Wednesday.
    The all-share transaction, which has the backing of Tritax's board, implies
a deal value of about 68.4 pence per share, a nearly 3% premium to the target's
closing price on Tuesday.
    Tritax shareholders would get 0.0765 new Segro shares as part of the deal.
    The company said it had fielded interest from a number of other parties, and
believes that a deal with Segro represented a compelling opportunity for an
immediate uplift in value for its shareholders.

($1 = 0.7630 pounds)

 (Reporting by Shanima A in Bengaluru; Editing by Mrigank Dhaniwala and Varun H
K)
 ((shanima.a@thomsonreuters.com; (Direct: +91 72 5956 7774);))