Segro Board U Turns on £14bn Takeover Bid by US Rival Prologis The recent reversal by Segro's board on its £14 billion takeover bid from US rival Prologis has left many in the market puzzled.
Just a month ago, Segro's board was adamant that Prologis' initial offer was "opportunistically timed" and not worthy of consideration.
However, after intense negotiations, they've now agreed to recommend their shareholders accept what Prologis is calling its "best and final offer.