PLD
Segros board will back Prologis $18.7B takeover bid
Article Summary
HOLD- Prologis Inc. (NYSE: PLD) increased its offer for Segro Ltd. (LSE: SGRO) to $18.7 billion, offering a 9.5% premium over its June 24 offer and a 47% premium to Segro's three-month weighted average share price.
- Segro shareholders will receive 0.092 new Prologis shares for each share held, with the option to receive up to 25% in cash, up from 20% previously.
- Takeover Panel granted an extension to the deadline set for Wednesday at 5:00 p.m.
- London time, giving the real estate investment trust until Aug. 12 to finalize its intentions.
- The new deal values Segro at £14 billion, with shares closing up 2.9% on the London Stock Exchange and the stock up 21% since the first offer, while shares of PLD were off 3.1% compared to the S&P 500.
Free users see 3 BUY signals per day. Premium unlocks all of them, plus instant email alerts.
See Plans
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 ? | 9.2% | 20% | 35.0 ptsBelow Screener (9.2%) - Target: $158.08 vs Current: $144.70 |
| Gross Margin % ? | 44.5% | 15% | 60.0 ptsSolid (44.5%) - Decent margins |
| Drawdown from 52-Wk High ? | -5.6% | 15% | 20.0 ptsBarely a Dip (-5.6%) - 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.