Prologis Raises 'Final' Offer for Segro to GBP14 Billion

05:50 AM EDT, 07/22/2026 (MT Newswires) -- Prologis (0KOD.L, PRLD.VI) raised its takeover offer for Segro (SGRO.L) to 14 billion pounds sterling after its previous offer of 13.5 billion pounds was rejected by the London-listed industrial and data center property company. Under the latest bid, Prologis is offering to pay 0.0920 new Prologis share for each Segro share and a partial cash alternative of up to 3.5 billion pounds at a fixed price of 10.317 pounds per Segro share, subject to pro-rata scale-back, according to a Wednesday filing. The cash portion represents 25% of the total consideration. Prologis said the offer is "final and will not be increased," except under limited circumstances.