Prologis Unlikely to Abandon Segro Hunt as Pipeline, Strategy Fuel Takeover Interest

Dow Jones07-09 15:45

0745 GMT - Prologis is interested in Segro's pipeline and its value-creation potential, and unlikely to walk away from a takeover of the real-estate investment trust, Bernstein analysts say. Its current bid of 9.25 pounds a share is unlikely to succeed as Segro appears to be seeking closer to 12 pounds a share, they say. However, Bernstein expects Prologis to remain disciplined on valuation. Segro's development pipeline and data-center strategy should help underpin investor confidence, Bernstein says. Under U.K. takeover rules, Prologis has until July 22 to make a formal offer or walk away. "With Prologis due to report its 1H results on July 16, we believe a decision could come sooner than the formal deadline," Bernstein says. Segro shares are up 0.2% at 8.66 pounds. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

July 09, 2026 03:45 ET (07:45 GMT)

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Segro's development pipeline and data-center strategy should help underpin investor confidence, Bernstein says. Under U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. takeover rules, Prologis has until July 22 to make a formal offer or walk away. \"With Prologis due to report its 1H results on July 16, we believe a decision could come sooner than the formal deadline,\" Bernstein says. Segro shares are up 0.2% at 8.66 pounds. 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Its current bid of 9.25 pounds a share is unlikely to succeed as Segro appears to be seeking closer to 12 pounds a share, they say. However, Bernstein expects Prologis to remain disciplined on valuation. Segro's development pipeline and data-center strategy should help underpin investor confidence, Bernstein says. Under U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. takeover rules, Prologis has until July 22 to make a formal offer or walk away. \"With Prologis due to report its 1H results on July 16, we believe a decision could come sooner than the formal deadline,\" Bernstein says. Segro shares are up 0.2% at 8.66 pounds. 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Its current bid of 9.25 pounds a share is unlikely to succeed as Segro appears to be seeking closer to 12 pounds a share, they say. However, Bernstein expects Prologis to remain disciplined on valuation. Segro's development pipeline and data-center strategy should help underpin investor confidence, Bernstein says. Under U.K. takeover rules, Prologis has until July 22 to make a formal offer or walk away. \"With Prologis due to report its 1H results on July 16, we believe a decision could come sooner than the formal deadline,\" Bernstein says. Segro shares are up 0.2% at 8.66 pounds. 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