Segro board backs Prologis' $18.7 billion takeover bid

1. 1UK logistics warehouse operator Segro's board has agreed to support an improved acquisition proposal from Prologis (PLD)
2. 2The new proposal values Segro at £14 billion ($18.7 billion), with Segro shareholders able to choose up to 25% in cash for their 0.092 new Prologis shares per share
3. 3The UK Takeover Panel has extended the deadline, giving Prologis until August 12 to finalize its final decision

Source The Wall Street Journal +3 · View original ↗

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