Segro move leaves UK stocks steady; 20% of property index up for grabs
Segro soared 16% after Prologis’ £12.6 billion all-share takeover proposal, valuing Segro at a 24.6% premium to its last close; if Segro is delisted, about one-fifth of the UK REIT index would need replacing, forcing major tracker funds like BlackRock’s iShares UK Property ETF to reallocate roughly £91 million, with analysts warning a failed deal could erase Segro’s gains and impact peers.