Prologis Inc. (PLD)
Is Prologis (PLD) Stock Outpacing Its Finance Peers This Year?
Here is how Prologis (PLD) and ACNB (ACNB) have performed compared to their sector so far this year.
Segro and Prologis agree final terms on £13.5bn takeover deal
Segro PLC (LSE:SGRO) has agreed to a £14 billion takeover by US logistics property group Prologis, bringing one of Britain's largest real estate investment trusts under American control. Under the recommended offer, investors in the FTSE 100 warehouse owner will receive 0.092 Prologis shares for each share they own.
Prologis to Buy U.K.'s Segro for $18.8 Billion
Segro's directors intend to unanimously recommend the offer to shareholders who will be entitled to receive 0.0920 newly issued shares in Prologis for each Segro share held, with a partial cash alternative.
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Segro Shares Rise After Board Yields to Prologis's Final $18.7 Billion Takeover Bid
Shares hit a near four-year high after Segro said late Wednesday that it would recommend Prologis's latest proposal to shareholders.
Segro jumps as Prologis raises 'best and final' bid to £14bn, seeking more time for talks
SEGRO PLC (LSE:SGRO) shares jumped as US logistics property giant Prologis Inc (NYSE:PLD) raised its bid in what it described as a "best and final" offer, and called for a longer deadline for negotiations. The revised proposal values the FTSE 100 property group at around £14 billion, with shareholders offered 0.092 new Prologis shares for each Segro share – a 9.5% improvement on its initial approach – plus a £3.5 billion partial cash alternative.
Prologis Makes Final $18.7 Billion Bid to Take Over Segro
Prologis—the world's largest owner of industrial real estate—made a 9.5% increase over its initial proposal to take over its smaller U.K. rival, but ruled out further increases.
Prologis tables $18.8 billion takeover proposal for UK's Segro
U.S. logistics firm Prologis on Wednesday offered to buy Segro for about £14 billion ($18.8 billion), or £10.32 per share in a last-minute approach ahead of a takeover deadline.
Segro shareholder urges engagement with Prologis over $18.1 billion proposal
Segro's shareholder CCLA Investment Management on Wednesday urged the British warehouse landlord to engage with Prologis over its £13.5 billion ($18.06 billion) proposal, hours before the formal deadline for an offer.
Jefferies asks whether Segro can go it alone as Prologis deadline looms
Jefferies has questioned whether SEGRO PLC (LSE:SGRO), the FTSE 100 warehouse landlord, can deliver the value its own strategy promises without falling to a takeover, as US suitor Prologis faces a Wednesday deadline to bid or walk away. Segro estimates its development pipeline could generate around £900 million of future rents and £4.1 billion of shareholder value, driving earnings per share from 36.6p in 2025 to roughly 50p by 2030.
Prologis piles pressure on SEGRO as takeover deadline looms
Prologis has intensified its pursuit of SEGRO PLC (LSE:SGRO), publicly attacking the warehouse landlord's defence a day before a deadline that forces the US giant to bid or walk away. The FTSE 100 property group rejected a third approach from Prologis on Monday, worth 993p a share, or about £13.5 billion.
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