Prologis announces public offering of 15 million common shares
Underwriters J.P. Morgan and BofA Securities manage the offering; proceeds may fund potential SEGRO acquisition and general corporate purposes.
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Global logistics real estate company
prologis.comLast updated
In short: Prologis agreed to acquire British rival SEGRO for £14 billion and raised its 2026 guidance following record-breaking leasing activity.
Underwriters J.P. Morgan and BofA Securities manage the offering; proceeds may fund potential SEGRO acquisition and general corporate purposes.
The $18.8 billion deal expands Prologis' European platform by 47% and is expected to close in the first half of 2027.
The all-share offer with a £3.5bn cash alternative values SEGRO at £14bn and requests a deadline extension.
The company acquired 8.66 acres in Trafford Park to build a 200,000-sq-ft all-electric facility targeting BREEAM Outstanding and EPC A+.
Prologis (PLD) was trading higher as RBC Capital Markets raised its recommendation on the stock, given the broader industrial recovery and its data center platform...
The American logistics asset management company Prologis will absorb the British socimi Segro after the boards of directors of both companies have...
Prologis (PLD) launches a 15M-share stock offering to fund acquisitions, including a proposed $18.8B SEGRO deal.
US REIT Prologis today (4 August) issued a stock market update clarifying the terms of its deal to purchase London-listed rival SEGRO, with directors who...
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