1018 GMT - Prologis might need to offer a higher premium and add a cash component to its takeover proposal to win over Segro shareholders, AJ Bell's Dan Coatsworth says. The U.S. warehouse landlord disclosed a rejected 12.3 billion-pound all-stock takeover approach and urged shareholders in its smaller U.K. rival to encourage Segro's board to discuss an offer. "Whether an all-share bid will prove attractive to shareholders, given it would mean ending up with an investment in a much different entity, is open to question. Perhaps including a cash element would help smooth the passage of any deal," Coatsworth says. "A chunkier premium may also be required." Segro shares jump 17% in European morning trading, while Prologis is little moved in U.S. premarket exchanges. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

Prologis disclosed a rejected 12.6 billion-pound all-stock takeover approach and urged shareholders in its smaller U.K. rival to encourage Segro's board to discuss an offer. "Prologis Might Need Higher Offer, Cash to Entice Segro Investors -- Market Talk," at 1018 GMT, incorrectly said the approach was valued at 12.3 billion pounds.

(END) Dow Jones Newswires

June 24, 2026 06:26 ET (10:26 GMT)

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