Segro, the FTSE 100 Warehouse and Logistics The property group, declined £12.6 billion in a takeover bid from US rival Prologis, disposing of approach as an opportunist after the San A searcher based in Francisco took his request the public to pressure Segro’s shareholders in support of the agreement. It was announced on the 23rd June 2026 through a statement on London Stock Exchange, rejection sent Segro shares up nearly 18% to about 872p, the biggest riser the FTSE 100, as the market price hoping that a contested bid.
Conditions are set by Prologis put it plain The maximum value of Segro’s assets. I The largest logistics in the world an estate investment trust, with a market capitalization approx $140.9 billion, he wrote to Segro the board on June 16 suggests 0.084 new Prologis shares each Share of Segro, we appreciate the company at 925 pence per share – a 24.6% premium until the end of Segro of 742p, and figure corresponding to Segro’s last reported net tangible assets per share at the end of 2025. Under the proposal, Segro shareholders can own the property 10.5% of the raised group, giving exposure to a much larger world the platform. Prologis argued that Segro growth was inhibited by it balance sheet and its shares on sale at a continuous discount on the basic value of its assets, pointing to his powerful one return to shareholders and lower value debt-to-business ratio of 22% compared to Segro’s 37%.
Segro Board rejected the proposal unanimously again no doubt, and its opposition went away in both importance and time. Company he said the request is also opportunistic time to use clear removal between its share price and the basic value of its assets – the gap it was due to the oppression of the world is weighted towards UK and European real estate values related to US REITs sector. Segro pointed out its strategy, solid and proven balance field of work, and emphasized building momentum in its work markets and its measurement development pipeline, including that defined as a specialized data center the platform. The board said it was left confidence in the company’s ability to perform hold a large amount of this shareholders in the coming years.
I the numbers behind Segro underscore why draw the applicant. Its portfolio goes through approximately 117 million square feet of industries, logistics and data center area, estimated at £22 billion, and the company presented an increase of 8.3%. with profits reaching £509 million in the end calendar year under the executive officer David Sleath. Data center pipeline is the core of the competition: Prologis pointed to an important embedded value Segro development center and data Goods that Segro could not open alone, while Segro introduces that the same pipe as evidence the independent value that is its board to protect.
The bid is the latest in a wave abroad methods for non-essential London listed companies. It following easyJet’s rejection on Monday of the £4.74 billion route from the US investment firm Castlelake, too labeled as opportunistic, and last week £9.5 billion agreed to take the test group Intertek by EQT of Sweden, while earlier in the year Tate and Lyle, insurer Beazley and wealth manager Schroders were all targeted or taken over. The pattern indicates persistence foreign interest in UK property trading at a discount to US and European peers, and according to the London market exposed to heavy losses elements to have better finances overseas tenders.
Under the UK takeover rules, Prologis now has until 5pm on the 22nd July to announce a strong intention make an offer or at least leave six months. How the shareholders of Segro with a weight of about 25% of the premium compared to the board’s confidence in its independence prospects will decide that Prologis returns with an improved or binding offer, or rescission. For the board defense depends on the belief that its data center and development the pipe will bring more value time has conditions to share everything in table, and whether that argument holds against premium concrete it is is the question now facing Segro investors.
