SEGRO Rejects Prologis' Proposal, Highlights £4.1 Billion Development Pipeline Value
SEGRO has rejected a takeover proposal from Prologis, calling it inadequate and one-sided. The company emphasized its standalone strategy's value creation potential through an industrial/logistics development pipeline valued at around £1.6 billion by CBRE and a data center pipeline with up to £2.5 billion in upside. SEGRO also highlighted a strong balance sheet capable of funding growth without equity raises.
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