Prologis Outlines Revised GBP13.5 Billion Proposal for Segro, Adds Partial Cash Alternative

02:53 AM EDT, 07/20/2026 (MT Newswires) -- Segro (SGRO.L) suitor Prologis (0KOD.L, PRLD.VI) detailed its third takeover proposal for the UK real estate company, introducing a partial cash alternative alongside its share offer. The US-based real estate investment trust is offering 0.0890 new Prologis shares for each Segro share and a partial cash alternative at a fixed price of 10 pounds sterling per Segro share. The cash option is capped at 2.7 billion pounds, representing up to 20% of the total consideration and subject to pro-rata scale-back. The proposal values Segro at 13.5 billion pounds. Prologis said it filed the third proposal on July 16, which was rejected by Segro on July 17. It published a new investor presentation supporting the proposal on Monday and urged Segro shareholders to encourage the board to recommend the merger.