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Mergers & Acquisitions

Mergers & Acquisitions

Segro Rejects Third Prologis Takeover Bid as $18.2 Billion Offer Falls Short

Britain's Segro has rejected a third takeover bid from U.S. warehousing giant Prologis, valued at £13.5 billion ($18.2 billion). The board insists the offer undervalues the company's portfolio and growth prospects, while Prologis urges shareholders to push for a deal ahead of a July 22 deadline.

2 min
Mergers & Acquisitions

Stripe and Advent make $53 billion-plus approach for PayPal

Stripe and Advent International have made a joint approach to acquire PayPal at $60.50 per share, valuing the payments company at more than $53 billion. The proposal is backed by roughly $50 billion in committed bank financing, but PayPal has not formally responded and there is no certainty of a deal.

2 min