Segro has rejected the second sweetened takeover proposal from Prologis , valuing the British warehouse landlord at £13.5 billion ($18.18 billion), the U.S. logistics giant said on Monday.
S&P 500 REIT Prologis is seeing growth accelerate as it looks beyond warehouses and logistics.
Second quarter results show momentum building across the business Raises 2026 guidance for the second time; leasing hits record SAN FRANCISCO, July 16, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) raised its 2026 guidance for the second time this year, supported by record leasing and improving operating fundamentals. "We believe the business is entering its next phase of growth," said Daniel S.
Prologis said it remained ready to engage with Segro and urged the company's shareholders to encourage their board to enter into talks.
SAN FRANCISCO, July 1, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced that its board of directors appointed Alfred F. Kelly, Jr. as a director of the company.
Segro PLC's (LSE:SGRO) rejection of a £12.6 billion takeover approach from US giant Prologis Inc (NYSE:PLD) may be only the opening round in what could become one of the biggest UK property deals in years. The US logistics giant's all-share proposal valued Segro at 925p a share, a 24.6% premium to the undisturbed share price and broadly in line with the company's last reported net asset value.
Prologis Inc (NYSE:PLD) has gone public with a possible offer for FTSE 100-listed Segro PLC (LSE:SGRO) after the logistics property group rejected a £12.6 billion all-share takeover proposal. The US-listed warehouse landlord said it wrote to Segro's board on 16 June with an indicative proposal under which Segro shareholders would receive 0.084 new Prologis shares for each Segro share held.