SEGRO Stock Jumps 16%, but £900 Million Gap Signals Doubt Over Prologis Bid
SEGRO shares surged 15.6% to 858p after Prologis revealed a rejected £12.6 billion all-share bid valuing SEGRO at 925p per share. SEGRO’s board turned down the approach on June 23. The stock remained about 7% below the offer price, reflecting market skepticism. SEGRO cited rising earnings, rent growth, and new bond financing as support for a higher valuation.