Prologis bid for SEGRO narrows to 1.7% premium, as shares fluctuate

Prologis’ all-share offer for UK rival SEGRO now implies a value of 893p per share.

This valuation represents a 1.7% premium over SEGRO’s current market price.

SEGRO shares currently trade at 878.3p.

SEGRO’s board previously rejected the takeover proposal.

Prologis faces a July 22 deadline to announce a firm offer or withdraw under UK rules.

The combination would create a dominant global logistics REIT.

Market analysts expect the deal to trigger further consolidation in the industrial sector.