Prologis’ $18B Third Bid For Segro Rejected
Segro has once again rejected a takeover offer from Prologis, but the UK-based industrial REIT hasn’t left the negotiating table yet.
The third bid valued Segro at around £13.5B, or about $18.2B, Prologis announced on Monday. The price is 9.7% higher than Segro’s estimated net asset value as of the end of June.