Segro (SGRO LN) confirms they have rejected Prologis' third proposal at GBP 9.93/shr
Context
Segro's rejection of Prologis' third bid at GBP 9.93 per share indicates strong resistance to the acquisition, signaling their belief that the offer undervalues the company. This decision could imply a strategic direction for Segro, potentially keeping them independent as they pursue alternative growth avenues. Investors may interpret this as a positive sign for Segro's long-term value, which could have implications for related sectors within industrial REITs.
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