UK warehouse landlord Segro rejects £12.6bn takeover offer from US rival

The Guardian24 jun 2026Markt
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Segro shares rose 17.5% to 871p on Wednesday after its board unanimously rejected an all-share approach from Prologis that implied 925p per Segro share, a 24.6% premium to Tuesday’s closing price. Segro called the offer opportunistically timed, citing a dislocation between its share price and the underlying value of its business, and pointed to a large development pipeline that includes datacentres.