Warehouse giant Segro poised to back £14bn Prologis takeover

Warehouse landlord Segro has signalled it will recommend a £14bn takeover by US logistics property giant Prologis after the bidder improved its “best and final” proposal.
The FTSE 100 property group’s board unanimously concluded that the revised financial terms were at a level it would be “minded to recommend” to shareholders, provided Prologis proceeds with a formal offer and completes its due diligence.
Under the proposal, Segro investors would receive 0.092