India, Aug. 4 -- Prologis Inc. (PLD), a U.S.-based logistics real estate investment trust, and U.K.-based industrial property company SEGRO plc (SGRO.L) on Tuesday said they have reached an agreement on a recommended share-and-cash transaction under which Prologis will acquire SEGRO for about £14 billion.
The transaction will be implemented through a court-sanctioned scheme of arrangement under the U.K. Companies Act.
Under the proposal, SEGRO shareholders will receive 0.0920 new Prologis shares for each SEGRO share they own along with a partial cash alternative of up to £3.5 billion, representing about 25% of the total consideration.
Based on Prologis' closing share price of $149.94 on July 21, 2026, and assuming shareholders ...