London Loses Again: FTSE 100 Landlord Segro Will Be Missed The decision by FTSE 100 warehouse landlord Segro to recommend a "best and final" offer of £14 billion from US giant Prologis is a significant blow to London's stock market.
Despite having put up a decent fight, the company has ultimately succumbed to the takeover bid. Prologis initially offered £9. 6 billion for Segro in what has been a months long process.
However, David Sleath, Segro's long serving chief executive, had argued that the company's unique portfolio of European logistics assets was worth far more than its current valuation.