Prologis raises GBP 14 billion Segro offer. Segro stock sits 8.43 percent below its high

Published on 10/18/2026 at 12:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The revised terms include 0.092 Prologis shares per Segro share and GBP 3.5 billion cash. Segro stock faces October 21, 2026 results.

Takeover timetable and terms

The revised terms offered 0.092 Prologis shares per Segro share on October 13, 2026.
Shareholders approved the combination on September 28, 2026, clearing two shareholder votes.
Third-quarter results are scheduled for October 21, 2026.

Segro, GB00B5ZN1N88, Illustration mit AI erstellt.

Segro (ISIN GB00B5ZN1N88) is tied to Prologis' revised GBP 14 billion offer, which includes 0.092 new Prologis shares per Segro share and a partial cash alternative of up to GBP 3.5 billion, as Yahoo Finance reported on October 13, 2026. The terms value Segro at GBP 14 billion, or 1,031.7 pence per share.

The takeover has already passed its shareholder stage. Segro shareholders approved the combination at the Court Meeting and General Meeting on September 28, 2026, according to Stock Report. Completion remains targeted for the first half of 2027, subject to regulatory clearances and other conditions.

Three takeover milestones

On July 23, 2026, Segro's board recommended Prologis' final offer, with the share exchange ratio later set at 0.092 Prologis shares for each Segro share. On September 28, 2026, shareholders approved the scheme in two meetings. On October 13, 2026, the revised terms were reported at GBP 14 billion, including up to GBP 3.5 billion in cash. The sequence shifts the central question from shareholder approval to regulatory completion.

What does the offer mean for valuation?

The market already reflects a substantial repricing from earlier levels. Simply Wall St listed Segro's LSE price at GBp 913.00 and its 52-week high at GBp 997.00 in its October 16, 2026 update, leaving the price 8.43 percent below that high. Its reported market capitalization was GBP 12.5 billion, while the takeover value is GBP 14 billion. The comparison matters because the offer value exceeds the quoted equity value by GBP 1.5 billion, although the consideration includes Prologis shares and cash rather than a pure cash payment.

Segro's operating profile also explains the strategic interest. Simply Wall St describes the company as a UK real estate investment trust focused on warehouses, industrial property and data centers. Its latest reported earnings period ended June 30, 2026, with trailing revenue of GBP 745.0 million and trailing earnings of GBP 298.0 million.

Dates for the next phase

SEGRO's next scheduled reporting event is its third-quarter 2026 results on October 21, 2026, according to Simply Wall St. The takeover timetable points to completion in the first half of 2027, making the results a potential source of operating context while investors await the next legal steps.

Stock price and closing path

The last available euro quote came from Tradegate and stood at EUR 10.70 on October 16, 2026 at 9:33 p.m. CEST. On the London Stock Exchange, the same October 16 market snapshot showed GBp 913.00, while the 52-week range was GBp 632.00 to GBp 997.00. The next concrete test is the October 21 reporting date.

The further course of trading is shown by the continuously updated real-time quote of Segro stock.