BUZZ-UK's Segro hits over 1-1/2 year high after rejecting Prologis bid

Prologis, Inc.

Prologis, Inc.

PLD

0.00

** 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)


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