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9.9

Segro board recommends £14bn acquisition by US rival Prologis

The board of UK-listed warehouse landlord Segro has reversed its position to unanimously recommend a £14bn takeover bid from US-based Prologis. This acquisition represents one of the largest foreign takeovers of a UK-listed firm, further highlighting the ongoing trend of capital outflows and consolidation within the London stock market.

Guardian Worldabout 3 hours agoGB, USCredibility 35%View source

Score Breakdown

Mosaic Score9.9
Confidence0.9
Significance0.8
Source credibility0.3

Intelligence Tags

#mergers and acquisitions#real estate#london stock exchange#corporate governance

Locations

London

Entities

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Source

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