Prologis agrees to acquire SEGRO plc in deal valued at about £14.0 billion
On August 4, 2026, Prologis agreed to acquire SEGRO plc through a recommended offer implemented as a UK court-sanctioned scheme of arrangement. SEGRO shareholders would receive 0.0920 Prologis common shares per SEGRO share, with an option to take part of the consideration in cash, and the deal values SEGRO at about £14.0 billion. For Prologis shareholders, the issuance would dilute existing holders: SEGRO shareholders would hold about 8.9% of the combined group if the cash alternative is fully taken up, or about 11.5% if no cash elections are made.
Key points
- Terms: 0.0920 New Prologis Shares per SEGRO ordinary share; partial cash alternative capped at about £3.5 billion, with a basic entitlement of 258 pence cash plus 0.0690 shares
- Ownership: SEGRO holders would own about 8.9% of the combined group if cash is fully taken up, or about 11.5% with no cash elections
- Financing: Term Loan Credit Agreement of up to £3,575,000,000 with JPMorgan Chase Bank, N.A. as administrative agent, maturing one year after initial borrowing with two one-year extension options
- Timing: completion expected in the first half of 2027, subject to shareholder, court, antitrust and exchange listing conditions
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.