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