Segro board U-turns on £14bn takeover bid by US rival Prologis

UK warehouse landlord Segro's board unexpectedly reversed course on Wednesday, unanimously recommending that shareholders accept a fourteen billion pound takeover by American rival Prologis. Per The Guardian, Prologis had submitted what it called its best and final offer just hours before a deadline, prompting the turnaround. If approved, the deal would rank among the largest foreign takeovers of a British-listed company.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton