Companies
Wednesday, 6/24, 09:30 AM
Prologis Reveals Rejected $16.6 Billion All-Stock Bid for UK Warehouse Owner Segro
- Prologis, the world's largest warehouse landlord, disclosed an unsolicited £12.6 billion ($16.6 billion) all-stock approach for UK rival Segro that the British company's board has rejected, sending Segro shares about 16% higher and reviving expectations of consolidation across the logistics-property sector.