Segro board U-turns on £14bn takeover bid by US rival Prologis

Segro board U-turns on £14bn takeover bid by US rival Prologis. UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’ The board of the UK warehouse landlord Segro has U-turned and said it would be willing to accept a £14bn takeover by Segro’s bigger US rival, Prologis, in a deal that would be one of the largest foreign takeovers of a UK-listed company.In the latest blow to the troubled London stock market, Segro said in a statement that its board had “unanimously concluded” it would recommend its shareholder

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Trechos de apoio da pauta: UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’ The board of the UK warehouse landlord Segro has U-turned and said it would be willing to accept a £14bn takeover by Segro’s bigger US rival, Prologis, in a deal that would be one of the largest foreign takeovers of a UK-listed company.In the latest blow to the troubled London stock market, Segro said in a statement that its board had “unanimously concluded” it would recommend its shareholders accept what Prologis called its “best and final offer”, made just hours before a deadline. Continue reading...

• Ponto de atenção: segro.
• Ponto de atenção: board.
• Ponto de atenção: turns.

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