Prologis has gone public with a £12.6B ($16.6B) takeover bid for SEGRO after the UK logistics landlord rejected a deal that would rank among the largest real estate acquisitions in European history.
The world’s biggest logistics REIT revealed that it had approached SEGRO on 16 June with an all-share proposal valuing the FTSE 100 company at 925p per share, a 24.6% premium to SEGRO’s closing share price on Tuesday and an equity valuation of roughly £12.6B. 
The offer values SEGRO at roughly its reported net asset value.
Under the proposed terms, SEGRO shareholders would own approximately 10.5% of the combined company. Prologis, which has a market capitalisation of about…