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The GuardianBusiness1h ago

Segro board U-turns on £14bn takeover bid by US rival Prologis

<p>UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’ </p><p>The board of the UK warehouse landlord <a href="https://www.theguardian.com/business/segro">Segro</a> has U-turned and said it would be willing to accept a £14bn takeover by Segro’s bigger US rival, Prologis, in a deal that would be one of the largest foreign takeovers of a UK-listed company.</p><p>In the latest blow to the troubled London stock market, Segro said in a statement that its board

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