Form 8-K · Current report
Prologis 8-K, filed Aug 4, 2026
- Filed
- CIK
- 0001045609
- Accession no.
- 0001104659-26-089980
Summary
Prologis has agreed to acquire SEGRO plc in a recommended combination that values SEGRO at approximately £14.0 billion, with SEGRO shareholders to receive 0.0920 new Prologis shares per SEGRO ordinary share plus an optional partial cash alternative of up to £3.5 billion. The combination is expected to complete in the first half of 2027, subject to shareholder, court, antitrust, and listing approvals.
Key points
- SEGRO shareholders electing only their basic cash entitlement would receive 258 pence in cash and 0.0690 new Prologis shares per SEGRO ordinary share.
- Prologis, L.P. entered a term loan facility of up to £3.575 billion with JPMorgan Chase Bank, N.A. as administrative agent to help fund the cash consideration.
- The combination is to be implemented by a court-sanctioned scheme of arrangement under the UK Companies Act 2006, and Prologis will seek a secondary listing of its common stock on the London Stock Exchange.
- Depending on take-up of the partial cash alternative, SEGRO shareholders would hold approximately 8.9% or 11.5% of the combined group.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 3.02Unregistered Sales of Equity Securities
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry Into a Material Definitive Agreement. On August 4, 2026, Prologis, Inc. (“Prologis” or the “Company”), issued an announcement (the “Rule 2.7 Announcement”), pursuant to Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers (the “Code”) disclosing the terms of a recommended offer by the Company to acquire (the “Combination”) the entire issued and to be issued share capital of SEGRO plc (“SEGRO”). In connection with the Combination, on August 4, 2026, the Company and SEGRO entered into a Co-operation Agreement (the “Co-operation Agreement”). …
An excerpt of the text as filed with the SEC, cut for length.
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