UK warehouse landlord Segro rejects £12.6bn takeover offer from US rival (opens original article in a new tab)

UK warehouse landlord Segro rejected a £12.6bn takeover offer from US rival Prologis, citing undervaluation and geopolitical issues, with its shares rising after the rejection.

• Segro rejected a £12.6bn takeover offer from Prologis
• Prologis offered 0.084 shares for each Segro share, a 24.6% premium
• Segro's shares rose 15% after the rejection
• Segro cited undervaluation and geopolitical issues as reasons for rejection