Markets
Thursday, 7/9, 07:37 AM
Prologis Takes Its £12.6 Billion Bid for SEGRO Public After Rejection
- Prologis, the world's largest warehouse landlord, has gone public with its rejected £12.6 billion ($16.6 billion) all-share approach for UK rival SEGRO, appealing directly to SEGRO's shareholders to press the board to negotiate.
- Under UK takeover rules, Prologis has until July 22 to make a firm offer or walk away.