Published: June 30, 2026 at 2:22 pm
FTSE 100 listed UK property group Segro has again slammed a £12.6 billion takeover bid from a US rival and says it will not be sold ‘on the cheap’.
Segro owns a portfolio of warehouses and data centres, mainly in the South East of England, and has benefited from the growth of online shopping.
The company recently rejected the all-share bid from Prologis ‘unanimously and unequivocally’ and said it fell ‘a long way short’ of own valuation and was ‘opportunistically timed’.
This morning Prologis issued a response setting out the strategic and financial rationale for the proposed combination – but Segro has been unequivocal in its reply.