Prologis Bids £12.6bn for Segro

LondonSegro shares rose 18% on a £12.6bn takeover bid from Prologis.

Segro, which owns Europe’s largest data-centre hub in Slough, rejected the offer as ‘opportunistically timed’.

Prologis — the world’s largest logistics landlord — urged Segro shareholders to pressure the board to engage.

Sources: The Telegraph, Yahoo! Finance