SEGRO (SGRO)

Sector:

Property Investment Trusts

Index:

FTSE 100

673.20p
   
  • Change Today:
      8.20p
  • 52 Week High: 946.20
  • 52 Week Low: 599.00
  • Currency: UK Pounds
  • Shares Issued: 1,353.38m
  • Volume: 1,850,002
  • Market Cap: £9,111m
  • RiskGrade: 100
  • Beta: 0.00

Segro offer for Tritax EuroBox lapses

By Josh White

Date: Monday 18 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Segro confirmed on Monday that its all-share offer to acquire Tritax EuroBox has lapsed after failing to meet key conditions by the specified deadline.
The FTSE 100 firm said the offer, initially agreed upon by both companies' boards and announced on 4 September, was to be implemented via a court-sanctioned scheme of arrangement under the Companies Act 2006.

It said the proposal required Segro's court and general meetings to take place no later than 15 November - the so-called 'mini long stop date'.

However, no agreement to extend the deadline was reached between the parties, nor was an extension specified by Segro with the consent of the regulatory panel.

As a result, the offer conditions were not satisfied, and Segro invoked the mini long stop date condition, causing the scheme to lapse.

The company made no indication of plans to revisit the deal in its announcement.

At 1215 GMT, shares in Segro were down 0.37% at 760.8p, while those in Tritax EuroBox were 0.96% weaker at 81.96 euro cents.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SEGRO Market Data

Currency UK Pounds
Share Price 673.20p
Change Today 8.20p
% Change 1.23 %
52 Week High 946.20
52 Week Low 599.00
Volume 1,850,002
Shares Issued 1,353.38m
Market Cap £9,111m
Beta 0.00
RiskGrade 100

SEGRO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.2% below the market average77.2% below the market average77.2% below the market average77.2% below the market average77.2% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
50.72% below the market average50.72% below the market average50.72% below the market average50.72% below the market average50.72% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Income
53.07% above the market average53.07% above the market average53.07% above the market average53.07% above the market average53.07% above the market average
30.43% below the sector average30.43% below the sector average30.43% below the sector average30.43% below the sector average30.43% below the sector average
Growth
29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 6
Buy 4
Neutral 10
Sell 0
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SEGRO Dividends

  Latest Previous
  Final Interim
Ex-Div 27-Mar-25 08-Aug-24
Paid 14-May-25 20-Sep-24
Amount 20.20p 9.10p

Trades for 28-May-2025

Time Volume / Share Price
16:35 4,947 @ 673.20p
16:35 5,010 @ 673.20p
16:35 1,277,845 @ 673.20p
16:35 1,052 @ 673.20p
16:35 1,193 @ 673.20p

SEGRO Key Personnel

CEO David J R Sleath
CFO Soumen Das

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