Segro Rejects Prologis's £12.6 Billion All-Share Takeover Proposal
London-listed warehouse landlord Segro rejected an all-share takeover proposal from U.S. logistics giant Prologis valued at approximately £12.6 billion ($16.6 billion) on June 23, 2026.
London-listed warehouse landlord Segro rejected an all-share takeover proposal from U.S. logistics giant Prologis valued at approximately £12.6 billion ($16.6 billion), Prologis disclosed Wednesday [1]. The Segro board rejected the combination proposal on June 23, 2026 [3].
Prologis, the largest U.S. industrial real estate investment trust by market capitalization, structured the offer as an all-share transaction [1]. The proposal would have created the largest publicly traded logistics property platform spanning the U.S. and Europe. Segro, which owns and operates warehouse and distribution facilities primarily in the UK and continental Europe, turned down the offer without entering negotiations.
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