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Business & Finance

Segro board U-turns on £14bn takeover bid by US rival Prologis

The Guardian World Wednesday 22 July 2026, 17:32 UTC By Joanna Partridge 1 min read
Key Points

UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’ The board of the UK warehouse landlord Segro has U-turned and said it would be willing to accept a £14bn takeover by Segro’s bigger US rival, Prologis, in a deal that would be one of the largest foreign takeovers of a UK-listed company. In the latest blow to the troubled London stock market, Segro said in a statement that its board had “unanimously concluded” it would recommend its shareholders...

UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’

The board of the UK warehouse landlord Segro has U-turned and said it would be willing to accept a £14bn takeover by Segro’s bigger US rival, Prologis, in a deal that would be one of the largest foreign takeovers of a UK-listed company.

In the latest blow to the troubled London stock market, Segro said in a statement that its board had “unanimously concluded” it would recommend its shareholders accept what Prologis called its “best and final offer”, made just hours before a deadline.

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US (LOCATION) Prologis UK (ORG) UK (LOCATION) Segro (ORG) Prologis (ORG) London (LOCATION)
Originally published by The Guardian World Read original →

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