Prologis Rebuffed in $16.6 Billion Takeover Approach for U.K.’s Segro

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Under Prologis’s proposal, Segro shareholders would have received 0.084 new Prologis shares for each Segro share held, implying a value of 925 pence a share, the U.S. company said Wednesday. This represents a 25% premium to Segro’s closing price on Tuesday, it added.