What does Prologis’ (NYSE:PLD) proposal value SEGRO at?

Prologis (NYSE:PLD) values SEGRO at approximately £14 billion, or 1,031.7 pence per share based on the stated assumptions. The proposal represents a 39% premium to SEGRO’s June 23 closing price.

What are Prologis’ (NYSE:PLD) proposed payment terms?

Prologis (NYSE:PLD) is offering 0.0920 new Prologis shares for each SEGRO share. SEGRO shareholders could also elect a partial cash alternative funded with up to £3.5 billion, subject to possible proportional reductions.

Why may SEGRO recommend Prologis’ (NYSE:PLD) proposal?

SEGRO said Prologis’ (NYSE:PLD) financial terms reached a level its board would be minded to recommend. Any recommendation remains conditional on confirmatory due diligence and agreement on the remaining transaction documents.

What does the August 12 deadline mean for Prologis (NYSE:PLD)?

Prologis (NYSE:PLD) must announce a firm offer for SEGRO or confirm that it will not proceed by 5:00 p.m. BST on August 12, 2026. The Takeover Panel extended the previous July 22 deadline.

How final is Prologis’ (NYSE:PLD) SEGRO proposal?

Prologis (NYSE:PLD) described its SEGRO proposal as best and final and said it will not increase it under normal circumstances. Prologis may revise the terms if a competing bidder emerges or the Takeover Panel permits a change in exceptional circumstances.

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SEGRO to recommend Prologis £14 billion proposal

Written by Heidi Cuthbert Published Jul 22, 2026, 5:55 PM

SEGRO’s board said it may recommend Prologis’ final proposal, which values the company at approximately £14 billion.
Prologis shares were down 3.1% at $145.27, while SEGRO closed 2.9% higher at 895 pence.
The UK takeover deadline was extended to August 12, 2026, allowing both companies additional time to negotiate a firm offer.

Prologis (NYSE:PLD) moved closer to acquiring SEGRO after SEGRO’s board indicated support for its approximately £14 billion final proposal.

The proposal values each SEGRO share at 1,031.7 pence, 39% above its closing price before Prologis’ interest became public.

SEGRO’s potential recommendation remains subject to due diligence and final documents, while Prologis must announce an offer or withdraw by August 12.

Following the announcement, Prologis' share price was down 3.1% at $145.27 as investors assessed the extended negotiations.

Prologis offered 0.0920 shares per SEGRO share and a partial cash alternative of up to £3.5 billion.

Prologis said the combination could expand its European logistics and data-centre portfolio, although the possible transaction is not yet a firm offer.

SEGRO to recommend Prologis £14 billion proposal

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