U.K. Real Estate Companies Rise as Segro Rejects Prologis Bid Approach -- Market Talk

Dow Jones
06/24

0754 GMT - Shares in U.K. real estate companies rise and are leading the FTSE 100 after Segro turned down a bid from U.S. real estate giant Prologis that valued the U.K. warehouse landlord at 12.6 billion pounds. Under the proposal, Segro shareholders would have received 0.084 new Prologis shares for each Segro share held, implying a value of 925 pence a share. This represented a 25% premium to Segro's closing price on Tuesday. Still, Prologis urged shareholders to press the board to engage. The company said its global platform, balance sheet and capital base would accelerate growth and unlock value in Segro's development and data-center pipeline. Segro shares are up 15%, with Tritax Big Box up 5.6%, British Land Company up 4.1% and Land Securities up 3.7%. (anthony.orunagoriainoff@dowjones.com)

 

(END) Dow Jones Newswires

June 24, 2026 03:54 ET (07:54 GMT)

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