Segro (SGRO LN) confirms they have rejected Prologis' third proposal at GBP 9.93/shr

Segro (SGRO LN) confirms they have rejected Prologis' third proposal at GBP 9.93/shr.

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.