tiprankstipranks
SEGRO plc Announces Takeover of Tritax EuroBox
Company Announcements

SEGRO plc Announces Takeover of Tritax EuroBox

Segro plc (REIT) (GB:SGRO) has released an update.

Don't Miss our Black Friday Offers:

SEGRO plc has announced an all-share offer to acquire Tritax EuroBox plc, aiming to consolidate the issued and to be issued share capital through a court-sanctioned scheme of arrangement. The deal values Tritax EuroBox shares at a significant premium, with shareholders receiving 0.0765 new SEGRO shares per Tritax EuroBox share plus an interim dividend. This transaction is expected to diversify SEGRO’s portfolio with high-quality logistics assets and result in SEGRO shareholders owning 96% of the enlarged share capital post-acquisition.

For further insights into GB:SGRO stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskSEGRO’s Acquisition Bid for Tritax EuroBox Falls Through
TipRanks UK Auto-Generated NewsdeskSEGRO Finalizes Offer and Expands with Brookfield Deal
TipRanks UK Auto-Generated NewsdeskBlackRock Alters Stake in SEGRO plc
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App