Prologis Announces Rejection of Increased $18.2 Billion Offer for Segro

US-based logistics real estate giant Prologis has announced that its increased takeover offer for British rival Segro has been rejected. The company submitted an enhanced $18.2 billion bid with a higher per-share value to Segro, but the offer was not accepted by Segro's management. Prologis aimed to expand its European logistics asset portfolio through this move. According to Prologis's statement, Segro's board rejected the offer on the grounds that the company's current strategic plan would create greater value independently. The rejected bid follows Prologis's earlier $17.5 billion offer, which was also turned down. The company emphasized that this latest offer included a significant premium for Segro shareholders. Analysts note that Prologis's interest in Segro stems from the growing demand for logistics warehouses driven by the rise of e-commerce in Europe. However, Segro's decision to remain independent signals the end of merger talks between the two companies. Prologis stated that it will evaluate alternative growth opportunities following this development. Prologis shares showed limited movement in pre-market trading after the news. Segro's shares on the London Stock Exchange experienced a slight decline following the rejection of the offer. Investors had anticipated that a potential deal between the two companies could accelerate the consolidation trend in the sector. This is not investment advice.