NYSE:PLDIndustrial REITs
Prologis (PLD) Pushes SEGRO Shareholders After £12.6 Billion Bid Rebuff
Prologis has proposed a £12.6b all stock takeover of UK warehouse group SEGRO.
SEGRO's board unanimously rejected the offer, calling it undervalued and opportunistically timed.
Prologis is now publicly urging SEGRO shareholders to pressure the board to re engage on the proposal.
The situation has drawn attention to potential shifts in the European logistics real estate sector.
For investors tracking Prologis (NYSE:PLD), this move comes with the stock around $140.87 and multi year returns...