Segro Board Backs Prologis’ $18.7 Billion Takeover Bid
The board of UK-based logistics warehouse operator Segro (LSE.SGRO) has agreed to support an increased takeover bid from U.S.-based real estate investment trust Prologis (NYSE: PLD). The revised offer values Segro at £14 billion ($18.7 billion), with a 9.5% increase over the initial proposal and a 47% premium compared to its three-month average share price.
Tickers: $PLD