Segro lays out defence as it battles £12.6bn takeover attempt by US rival

UK-based property group Segro has responded to a £12.6 billion takeover bid from US rival Prologis, asserting that the 925p per share offer significantly undervalues its thriving warehouse and data center operations. Segro's defense underscores the company's confidence in its growth potential and the strategic importance of its assets. This high-stakes corporate battle highlights the intense competition and consolidation trends within the global real estate sector, with implications for market dynamics and investor confidence. For more details, check out the full article on the Financial Times website.