Prologis $16.6 Billion Approach for Segro is Just Opening Salvo

Dow Jones06-24

1013 GMT - U.K. warehouse landlord Segro's rejection of a $16.6 billion takeover approach from bigger U.S. rival Prologis won't be the final word in the story, AJ Bell's Dan Coatsworth says in a research note. The disclosure of an initial all-share bid submitted last week seems just the opening salvo in Prologis's pursuit, Coatsworth says. Segro's expansion into data centers might have drawn Prologis's attention, according to AJ Bell's head of markets. "It's hard to believe San Francisco's Prologis would have been interested in Segro when it was simply focused on warehouses," Coatsworth adds. Segro shares jump 17% in European morning trading, while Prologis is down slightly in U.S. premarket action. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

June 24, 2026 06:13 ET (10:13 GMT)

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Segro's expansion into data centers might have drawn Prologis's attention, according to AJ Bell's head of markets. \"It's hard to believe San Francisco's Prologis would have been interested in Segro when it was simply focused on warehouses,\" Coatsworth adds. Segro shares jump 17% in European morning trading, while Prologis is down slightly in U.S. premarket action. 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