Question 1

What third takeover proposal did Prologis submit for Segro?

Accepted Answer

Prologis submitted a third takeover proposal offering 993p per share to Segro holders who elect a 20% cash alternative; Segro rejected this approach on 17 July 2026.

Question 2

What role does Prologis play in logistics real estate?

Accepted Answer

Prologis serves both as an operating landlord and as an active acquirer and developer of logistics real estate.

Question 3

What reasons did Prologis give on 12 July 2026 for contesting Segro's valuation?

Accepted Answer

Prologis argued Segro's standalone plan depended on executing a long‑dated development pipeline and cited a revoked Paris data‑centre entitlement and a 2.2% fall in Segro's H1 net asset value as evidence of risk.

Question 4

What deadline did the Takeover Panel set for Prologis?

Accepted Answer

Under Takeover Panel rules, Prologis had to announce a firm intention to bid under Rule 2.7 or withdraw by 17:00 on 22 July 2026, with any extension requiring Panel consent.

Question 5

What regulatory reviews does Prologis' takeover approach for Segro face?

Accepted Answer

Prologis' takeover approach for Segro faces potential regulatory and competition review in the UK and in the EU.

Question 6

What did Prologis submit on 17 July 2024?

Accepted Answer

On 17 July 2024 Prologis lodged a third offer for Segro that included a 20% cash alternative for accepting shareholders; the submission status is completed.

Timeline

Prologis raises Segro takeover bid

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