FTSE 100 Segro agrees to £14bn takeover by Prologis

FTSE 100 property firm Segro has agreed to a £14bn takeover by US-based commercial landowner Prologis. This agreement follows a final approach made by the US bidder last month, concluding a prolonged period of negotiation between the two real estate giants. The deal, approved by Segro’s board, represents a significant acquisition in the commercial sector and is viewed as another blow to the London Stock Exchange as the British firm is absorbed.