PLD
Prologis Raises Segro Bid to $18.2 Billion With 9.7% Premium
Article Summary
HOLD- Prologis Inc. (NYSE: PSKY) raised its bid for Segro plc (NASDAQ: SGRO) by 9.7% to $18.2 billion, offering 0.089 new Prologis shares for each Segro share and a partial cash alternative worth as much as 2.7 billion, representing a $3.6 billion premium over June valuations.
- The revised offer represents the company's third approach since last month and follows an all-share transaction rejected in 2024 that Segro also rejected.
- Management teams met to discuss further negotiations, but Segro said it would engage again if a stronger offer emerges.
- Segro shares fell 2.3% on Monday and traded near 886 pence, below the proposal's implied value despite rising more than 19% since the interest became public.
- Analyst pressure may be increasing on Segro's board because the proposal is above book value, while Segro appears prepared to defend its independent listing.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 7.4% | 25% | 35.0 ptsBelow Screener (7.4%) - Weak growth |
| EPS Growth Next 5Y ? | 2.6% | 25% | 10.0 ptsVery Weak (2.6%) - Minimal expectations |
| Target Price Upside ? | 7.0% | 20% | 35.0 ptsBelow Screener (7.0%) - Target: $157.75 vs Current: $147.48 |
| Gross Margin % ? | 44.5% | 15% | 60.0 ptsSolid (44.5%) - Decent margins |
| Drawdown from 52-Wk High ? | -3.8% | 15% | 20.0 ptsBarely a Dip (-3.8%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About PLD
- Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets.
- We operate Prologis, Inc. and Prologis, L.P. as one enterprise and, therefore, our discussion and analysis refer to Prologis, Inc. and its consolidated subsidiaries, including Prologis, L.P.
- We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors (co-investment ventures).
- We have a significant ownership interest in the co-investment ventures, which are either consolidated or unconsolidated based on our level of control of the entity.
- Prologis, Inc. began operating as a fully integrated real estate company in 1997 and elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (Internal Revenue Code or IRC).
- We believe the current organization and method of operation enable Prologis, Inc. to maintain its status as a REIT.
- Prologis, L.P. was also formed in 1997. We operate, manage and measure the operating performance of our properties on an owned and managed (O&M) basis.
- Our O&M portfolio includes our consolidated properties as well as properties owned by our unconsolidated co investment ventures, which we manage.
- We make operating decisions based on our total O&M portfolio as we manage the properties without regard to their ownership.
- Prologis, Inc. was incorporated in 1983 in Maryland and is based in San Francisco, California.