On July 22, Prologis fell 3.57% in regular trading, trading at $144.89/share, with turnover of $4.97 billion. The decline was triggered by the company's submission of its \"best and final\" acquisition proposal for UK warehouse owner SEGRO, sparking shareholder concerns over significant equity dilution.

The revised proposal offers 0.0920 new Prologis shares for each SEGRO share, a 9.5% increase from the initial proposal, plus a partial cash alternative of up to 3.5 billion pounds, valuing SEGRO at approximately 14 billion pounds (1,031.7 pence per share). This marks Prologis' fourth attempt after three prior rejections by the SEGRO board. Prologis also committed to establishing a secondary listing on the London Stock Exchange via a binding agreement before deal completion.

SEGRO indicated willingness to engage on the revised terms but has not formally accepted. Meanwhile, Norges Bank Investment Management, holding 1.3% of Prologis and 8.3% of SEGRO, publicly encouraged both boards to explore whether a mutually beneficial deal can be reached. Multiple institutional investors including CCLA have urged extending negotiation deadlines.

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