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City AM
City AM
UK · 27 mins ago
FTSE 100 property firm slams ‘opportunistic, one-sided, inadequate’ takeover offer
Real estate investment trust Segro has issued a strongly-worded rebuttal of the £12.6bn takeover bid tabled by its US rival. In a scathing updated to investors, the FTSE 100 property firm branded Prologis’s offer “opportunistic, one-sided and inadequate”, after the American investment behemoth proposed combining the two companies into a mammoth investment trust last month. [...]
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