Prologis Inc. publicly released an investor presentation on June 30, 2026, detailing its strategic and financial case for an all-stock acquisition of British rival SEGRO plc. This move follows SEGRO's unanimous rejection of Prologis's initial £12.6 billion proposal made on June 16, which SEGRO's board deemed "inadequate, opportunistic and one-sided."
Prologis is now appealing directly to SEGRO shareholders, arguing the combination would create a global leader in logistics real estate. The presentation claims the deal offers a premium and would unlock value in SEGRO's development and data center pipeline, which it says is constrained by SEGRO's balance sheet. SEGRO's chairman retorted that Prologis is attempting to acquire the company "on the cheap" while its share price is dislocated.