Prologis pursuit of Segro descends into silver-haired scrap

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Segro boss David Sleath has denied rumours that he is close to retirement Prologis’s attempt to take over Segro has descended into a spat over the age of its chief executives as the US firm looks to ...

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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/prologis-pursuit-of-segro-descends-into-silver-haired-scrap/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Segro boss David Sleath has denied rumours that he is close to retirement Prologis’s attempt to take over Segro has descended into a spat over the age of its chief executives as the US firm looks to ...</p>\n\n<a href=\"https://www.cityam.com/prologis-pursuit-of-segro-descends-into-silver-haired-scrap/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DTRE","symbol_name":"First Trust Alerian Disruptive Technology Real Estate 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listed real estate company, has warned Segro’s investors that 65-year-old boss David Sleath is nearing retirement and it would be better off as a division of the larger US property trust, sources told City AM.Segro has privately hit back at the claims and argued that Prologis’s own former chief executive was four years older than Sleath when he stepped down, the people said.Prologis, which manages some $98bn in assets, kicked off its pursuit of Segro last month and the two property firms have traded strong words over its takeover attempts.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DTRE":"First Trust Alerian Disruptive Technology Real Estate ETF","SPRE":"SP Funds S&P Global REIT Sharia ETF","DFGR":"DIMENSIONAL GLOBAL REAL ESTATE ETF","RWR":"SPDR DJ Wilshire REIT ETF","INDS":"PACER INDUSTRIAL REAL ESTATE ETF","BK4585":"ETF&股票定投概念","VNQ":"不动产信托指数ETF-Vanguard","USRT":"iShares Core U.S. REIT 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chief executives as the US firm looks to convince the FTSE 100 company’s shareholders to accept its offer, City AM can reveal.New York-listed Prologis, the world’s largest listed real estate company, has warned Segro’s investors that 65-year-old boss David Sleath is nearing retirement and it would be better off as a division of the larger US property trust, sources told City AM.Segro has privately hit back at the claims and argued that Prologis’s own former chief executive was four years older than Sleath when he stepped down, the people said.Prologis, which manages some $98bn in assets, kicked off its pursuit of Segro last month and the two property firms have traded strong words over its takeover attempts. \n\nThe companies’ management teams met on Sunday but the talks failed to yield an agreement.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPrologis, which saw its latest £13.5bn bid slapped down over the weekend, has repeatedly reminded Segro’s investors that “questions remain regarding leadership succession”. Segro boss: I’m in fine fettleSleath has led the firm for 15 years – far longer than the six-year average tenure of a FTSE 100 boss. While he has attempted to quash rumours he may soon retire, a person close to the discussions claimed his age is causing concern among those close to the business. \n\nBut a person close to Segro described attempts to cast Sleath’s future into doubt as a “cheap shot”. Prologis’s former chief executive Hamid Modghadam retired at the age of 69, four years older than Sleath, and remains involved in the company as executive chairman, they pointed out.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"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; 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