Segro board U-turns on £14bn takeover bid by US rival Prologis
The board of UK warehouse landlord Segro has agreed to recommend a £14bn takeover bid from US-based rival Prologis. This deal marks a significant shift after previous rejections and represents a major foreign acquisition of a UK-listed company.
Prologis, based in California, now has until 12 August to make a firm offer to buy Segro. Photograph: Education Images/Universal/Getty Prologis, based in California, now has until 12 August to make a firm offer to buy Segro. Photograph: Education Images/Universal/Getty Mergers and acquisitions Segro board U-turns on £14bn takeover bid by US rival Prologis UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’
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