FTSE 100 Segro ‘minded to accept’ £14bn Prologis takeover

The board of UK warehouse landlord Segro has performed a U-turn, unanimously concluding that shareholders should accept a £14bn takeover bid from US rival Prologis. This offer, described as the best and final proposal, was made shortly before a deadline. The FTSE 100 property firm is now minded to accept the deal, which would result in another blue-chip company departing the London Stock Exchange in one of the largest foreign takeovers of a UK-listed firm.