Get alerts on this situation
We’ll email you as it develops, and you can follow the whole thread from day one.
Unsubscribe anytime.
[SITUATION] · [ACTIVE]
21 clusters · 52 sources · 75 days · First seen · Last updated
Categories: BUSINESS
FTSE 100 sees Prologis‑Segro takeover saga continues
Entities: APG Asset Management · SEGRO plc · J.P. Morgan · Prologis, Inc. · BofA Securities
Overview
The Segro takeover saga has moved through several rounds of offers. After Prologis’ £12.6 billion all‑share proposal on 23 June, Segro’s board rejected the bid, prompting a brief rally in UK property shares and a modest FTSE 100 rise. Prologis returned with a £13.5 billion offer on 20 July, again turned down by Segro, which argued the company’s portfolio is worth roughly £19 billion. In response, Segro’s board extended the “put‑up‑or‑shut‑up” deadline to 5 pm BST on 12 August 2026, giving shareholders extra time to assess the proposals. On 22 July Prologis lodged a “best and final” £14 billion offer – an exchange of 0.0920 Prologis shares per Segro share plus a £3.5 billion cash component – representing a 14 % premium to Segro’s pro‑forma NAV and a 39 % premium to its closing price. Major investors such as Norges Bank and APG have called for constructive dialogue, while the UK Takeover Panel reviews the deadline extension. On 4 August Prologis announced a $15 million underwritten share offering, stating the proceeds may be used to fund a potential Segro acquisition, though no assurance the transaction will close. The FTSE 100 remains sensitive to each development, with property‑related stocks reacting sharply to the evolving bid landscape.
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Prologis agreed to acquire Segro in a deal worth up to £14.3 billion ($19.2 billion). (Reuters)
- [● 3 SOURCES] The offer includes 0.0920 Prologis shares per Segro share, a cash option up to £3.5 billion, and a potential final dividend. (Reuters)
- [● 3 SOURCES] Segro shareholders will hold roughly 8.9 % of the combined group after the transaction. (Reuters)
- [● 3 SOURCES] The offer represents a 42 % premium to Segro’s closing price on 23 June. (Reuters)
- [● 3 SOURCES] The combined market capitalisation of Prologis and Segro exceeds $152 billion. (Reuters)
- [● 3 SOURCES] The deal must be completed by 12 August under UK takeover rules. (Reuters)
- [● 3 SOURCES] Segro’s shares closed up 1.4 % at £9.75, still below the offer price; Prologis shares fell 2.31 % in U.S. trading. (Reuters)
- [● 3 SOURCES] Both Prologis and Segro are expanding a data‑centre pipeline to benefit from the booming AI industry. (Reuters)
Timeline
-
about 10 hours ago
[BUSINESS] 7 sourcesPrologis launches $15 million‑share stock offering to fund Segro acquisitionPrologis announced a 15 million‑share stock offering to fund its £14.3 billion takeover of UK warehouse landlord Segro, a deal backed by investors and valued at over $152 billion.
-
13 days ago
[BUSINESS] 6 sourcesPrologis makes £14bn final offer for UK logistics group SegroPrologis has lodged a £14bn final takeover bid for Segro, offering 0.0920 shares per Segro share plus £3.5bn cash, and is seeking an extension to negotiate the deal.
-
14 days ago
[BUSINESS] 3 sourcesNeuberger Private Equity NAV Update and SEGRO Takeover Deadline ExtensionNBPE posted a June NAV of $27.48 per share and $35 million in realisations, while SEGRO gave Prologis until Aug 12 to submit a final takeover proposal.
-
16 days ago
[BUSINESS] 11 sourcesPrologis' £13.5bn bid for UK landlord Segro rejectedPrologis' third £13.5bn bid for Segro, including a £2.7bn cash option, was rejected by the UK landlord, which says the price undervalues its £19bn portfolio.
-
24 days ago
[BUSINESS] 14 sourcesEuropean stocks slip as Iran‑US tensions lift oil pricesEuropean shares dip and oil spikes as US‑Iran clashes close the Strait of Hormuz; FTSE 100 steadies, energy stocks rise, ASML boosts tech gains.
-
26 days ago
[BUSINESS] 2 sourcesFTSE 100 slides amid US‑Iran tensions and AstraZeneca trial missThe FTSE 100 fell below 10,500 as renewed US‑Iran tensions lifted oil prices and AstraZeneca’s failed cardiovascular trial pulled the index down, while mining stocks rose.
-
29 days ago
[BUSINESS] 5 sourcesFTSE 100 swings between pharma drag and mid‑day gainsThe FTSE 100 fell on pharma and gold‑miner losses but later rose, with easyJet’s takeover news and ITV’s Sky sale driving activity.
-
about 1 month ago
[BUSINESS] 3 sourcesFTSE 100 climbs on weaker US jobs data and lower oil pricesFTSE 100 rose 0.2‑0.3% on softer US jobs data, falling oil prices and the Bank of England’s stance that rate cuts remain off the table; top gainers included Compass Group and Tesco.
-
about 1 month ago
[BUSINESS] 7 sourcesFTSE 100 rises on defence spending boost and miner, tech gainsFTSE 100 climbed to around 10,500 as UK defence spending plans lifted defence stocks and miner and tech shares posted strong gains.
-
about 1 month ago
[BUSINESS] 3 sourcesUK dividend stocks on FTSE 250 and FTSE 100 draw investor attentionUK FTSE 250 and FTSE 100 dividend stocks—ME Group, Primary Health Properties, and M&G—report profit warnings, dividend hikes and strong capital ratios, drawing investor interest.
-
about 1 month ago
[BUSINESS] 3 sourcesFTSE 100 rises after Segro rejects £12.6bn Prologis takeover bidThe FTSE 100 rose 0.3% after Segro rejected a £12.6 bn Prologis bid, boosting UK property stocks amid falling oil, gold and bond yields.
-
about 1 month ago
[BUSINESS] 2 sourcesPrologis proposes £12.6 billion all‑share acquisition of UK REIT SEGROPrologis offered a £12.6 billion all‑share bid for UK REIT SEGRO, which the board rejected. R.E.A. Holdings said its affiliate will buy $7.26 million of its 7.5 % dollar notes at par on 30 June.
-
about 2 months ago
[BUSINESS] 5 sourcesFTSE 100 slides as mining losses and interest‑rate outlook weigh on UK marketFTSE 100 fell 0.34% on mining losses and a cautious interest‑rate outlook; BHP warned of a $2.3bn impairment, PPHE shares plunged after a failed bid, and UK borrowing topped forecasts.
-
about 2 months ago
[BUSINESS] 4 sourcesFTSE 100 rises on US‑Iran peace hopes and steady oil pricesFTSE 100 climbed on Tuesday as oil fell below $80 amid US‑Iran peace optimism, with banks and housebuilders gaining; modest further gain on Wednesday ahead of a Fed rate‑hold and a more hawkish Fed stance.
-
about 2 months ago
[BUSINESS] 3 sourcesUK FTSE indices rise as investors await inflation data, while high‑yield Renewables Infrastructure stock trades at a bigUK FTSE 100/250 rose ahead of June inflation and BoE rate decisions, while FTSE 250’s Renewables Infrastructure Group offered a 10.3% dividend but trades at a discount amid high interest rates.
-
about 2 months ago
[BUSINESS] 3 sourcesFTSE 100 slides as Middle East tensions flareThe FTSE 100 swung amid rising Middle East tensions, falling after Iran downed a US helicopter and later edging up despite profit warnings, as oil prices and US inflation added pressure.
-
2 months ago
[BUSINESS] 2 sourcesEuropean equities edge up as Middle East tensions lingerFTSE 100 and Swiss SMI rose modestly as markets weighed Middle East tension, higher oil prices, a Broadcom tech sell‑off, and a Givaudan fragrance acquisition.
-
2 months ago
[BUSINESS] 2 sourcesLondon FTSE 100 nudges higher as Asian banking worries weigh on marketFTSE 100 edged up to around 10,360 as Asian banking concerns and tighter Chinese offshore‑account rules pressured oil and financial stocks, while AI‑linked shares buoyed the market.
-
2 months ago
[BUSINESS] 3 sourcesFTSE 100 climbs on lower oil and AI IPO buzzFTSE 100 rose 0.3% as oil fell and AI IPO excitement grew, with Anthropic filing for a near‑$1 trillion listing, boosting UK market sentiment.
-
2 months ago
[BUSINESS] 2 sourcesLondon markets hold steady as FTSE stocks hit 52‑week highsUK markets stay resilient as FTSE 100 holds its range, Bitcoin falls, and Bloomsbury Publishing and Computacenter reach 52‑week highs on strong earnings and sector catalysts.
-
3 months ago
[BUSINESS] 2 sourcesFTSE 100 edges up as mining gains and oil price rise offset weak UK earningsFTSE 100 rose 0.1% to 10,443 as mining stocks lifted the market, while oil prices rose on Middle East tensions; UK PMI slipped to 48.5 and the pound fell.
Sources
abcmoney.co.uk · aijourn.com · allaboutshipping.co.uk · analyticsinsight.net · archynewsy.com · bermudabroadcasting.com · brankof.blog.pravda.sk · businessupturn.com · cash.ch · cityam.com · coinpaper.com · ejeprime.com · europesays.com · eveningstandard.co.uk · financije.hr · finanzen.at · finanzen.ch · finanzen.net · finanznachrichten.de · finnewsnetwork.com.au · fool.co.uk · independent.co.uk · investingcube.com · investomania.co.uk · jkadworld.com · keyw.com · kfgo.com · kmsnews.org · multimodal.org.uk · phaidon.com · play.snooker.com · poslovni.hr · pressreach.com · psychoanaliza.org.pl · pulse2.com · quoteddata.com · realassets.ipe.com · rpggeek.com · share-talk.com · Standard.co.uk · standard.co.uk · stichtingverslaving.nl · stocknews.com · stocktitan.net · sustainablematerials.com · suvremena.hr · ukinvestormagazine.co.uk · wdez.com