India, July 22 -- U.S. logistics real estate company Prologis, Inc. (PLD) on Wednesday announced its "best and final proposal" to acquire UK warehouse landlord SEGRO plc (SGRO.L), valuing the company at approximately £14 billion.
Under the revised proposal, Prologis would offer 0.0920 new Prologis shares for each SEGRO share, a 9.5% increase from its initial proposal, 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 elect for 25% cash, the proposal values each SEGRO share at 1,031.7 pence. This represents a 14% premium to SEGRO's pro forma adjusted net asset value of 905 pen...