UK warehouse giant Segro rejects £12.6bn takeover bid from US rival Prologis

Financial Times—Segro, Britain's largest listed warehouse and logistics property company, has rebuffed a £12.6 billion ($16.6 billion) takeover approach from US rival Prologis. The board rejected the offer, which would have been one of the biggest deals in UK real estate history. Prologis, the world's largest logistics real estate firm, is seen as likely to weigh whether to return with a higher bid or walk away.

• Financial Times — Segro specifically flagged Prologis as a US data centre competitor in its rejection
• Wall Street Journal — Prologis rebuffed at $16.6B … one of largest UK real estate bids
• Guardian — Segro rejects £12.6bn offer … board deemed it insufficient
• The Independent (UK) — latest in a series of takeover approaches for UK firms by US rivals