Global law firm Ashurst Perkins Coie is advising J.P. Morgan and Rothschild & Co as joint lead financial advisers to Prologis, Inc. (Prologis) on its recommended combination of SEGRO plc (SEGRO), announced today. Pursuant to the agreed terms of the transaction, SEGRO shareholders are entitled to receive 0.0920 new Prologis shares with a partial cash alternative of up to approximately £3.5 billion in total. The acquisition values the entire issued and to be issued ordinary share capital of SEGRO at approximately £14 billion.
SEGRO is a UK REIT listed on the London Stock Exchange and Euronext Paris and a constituent of the FTSE 100 Index. SEGRO owns, manages and develops modern warehousing, industrial property and data centres across the UK and seven other European countries, with a portfolio of 10.9 million square metres of space. Prologis is an S&P 500 constituent (NYSE: PLD) with a market capitalisation of approximately $138 billion. As the world's largest logistics REIT, Prologis operates a scaled and diversified logistics portfolio in high-barrier, high-growth markets across 20 countries and in 4 continents.
The Ashurst Perkins Coie team is being led by partners Tom Mercer and Darren Phelan, along with partner Nicholas Allen, senior associate Daniel Smith, and associates Lucy McLaughlan and Shashtika Sundar.
