Prologis Might Need Higher Offer, Cash to Entice Segro Investors

Dow Jones06-24

1018 GMT - Prologis might need to offer a higher premium and add a cash component to its takeover proposal to win over Segro shareholders, AJ Bell's Dan Coatsworth says. The U.S. warehouse landlord disclosed a rejected 12.3 billion-pound all-stock takeover approach and urged shareholders in its smaller U.K. rival to encourage Segro's board to discuss an offer. "Whether an all-share bid will prove attractive to shareholders, given it would mean ending up with an investment in a much different entity, is open to question. Perhaps including a cash element would help smooth the passage of any deal," Coatsworth says. "A chunkier premium may also be required." Segro shares jump 17% in European morning trading, while Prologis is little moved in U.S. premarket exchanges. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

Prologis disclosed a rejected 12.6 billion-pound all-stock takeover approach and urged shareholders in its smaller U.K. rival to encourage Segro's board to discuss an offer. "Prologis Might Need Higher Offer, Cash to Entice Segro Investors -- Market Talk," at 1018 GMT, incorrectly said the approach was valued at 12.3 billion pounds.

(END) Dow Jones Newswires

June 24, 2026 06:26 ET (10:26 GMT)

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The U.S. warehouse landlord disclosed a rejected 12.3 billion-pound all-stock takeover approach and urged shareholders in its smaller U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. rival to encourage Segro's board to discuss an offer. \"Whether an all-share bid will prove attractive to shareholders, given it would mean ending up with an investment in a much different entity, is open to question. Perhaps including a cash element would help smooth the passage of any deal,\" Coatsworth says. \"A chunkier premium may also be required.\" Segro shares jump 17% in European morning trading, while Prologis is little moved in U.S. premarket exchanges. 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(adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n\n \n\n\n  Prologis disclosed a rejected 12.6 billion-pound all-stock takeover approach and urged shareholders in its smaller U.K. rival to encourage Segro's board to discuss an offer. \"Prologis Might Need Higher Offer, Cash to Entice Segro Investors -- Market Talk,\" at 1018 GMT, incorrectly said the approach was valued at 12.3 billion pounds. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 24, 2026 06:26 ET (10:26 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2645589432","isCrawlerRequest":true}