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Segro (SGRO LN) has rejected Prologis (PLD) worth 886p/shr; urges shareholders to take no action

StockNow breaking-news AI analysis

Segro rejected Prologis's £12.6B all-stock bid, calling the 886p-925p valuation opportunistic. While Segro emphasizes its data center growth, Prologis is lobbying shareholders for a deal before the July 22 deadline.

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