SEGRO Rejects Revised Proposal from Prologis

SEGRO Public Limited Company has rejected a revised proposal from Prologis, Inc. concerning a potential acquisition. On July 17, 2026, Prologis made an offer valuing each SEGRO share at 993p, with a partial cash option, representing 20% of the total consideration.

The proposal offered 0.0890 new Prologis shares for every SEGRO share, a slight increase from earlier proposals. The SEGRO board, however, concluded that the proposal did not reflect SEGRO's growth strategy and potential value creation, leading to its unanimous rejection.

Despite rejecting the proposal, SEGRO remains open to further engagement if Prologis revises the offer to reflect SEGRO's valuation better. Prologis had made previous unsolicited offers in March 2024, which were also rejected due to undervaluation concerns.