Politics
Prologis Makes £14 Billion Best and Final Offer for UK’s Segro
Key Points
Prologis Makes £14 Billion Best and Final Offer for UK’s Segro Prologis Inc. has submitted a best and final offer for Segro Plc that values the UK’s largest publicly traded landlord at about £14 billion ($18.7 billion). The world’s largest industrial property company hiked its bid to include 0.092 new Prologis shares for each Segro share, a 9.5% increase on its initial proposal last month, according to a statement Wednesday confirming Bloomberg News reporting. The offer includes a partial...
Prologis Makes £14 Billion Best and Final Offer for UK’s Segro
Prologis Inc. has submitted a best and final offer for Segro Plc that values the UK’s largest publicly traded landlord at about £14 billion ($18.7 billion).
The world’s largest industrial property company hiked its bid to include 0.092 new Prologis shares for each Segro share, a 9.5% increase on its initial proposal last month, according to a statement Wednesday confirming Bloomberg News reporting. The offer includes a partial cash alternative of up to £3.5 billion, about 25% of the total, at a fixed price of 1,031.7 pence a share.