Vanguard Discloses 13.52% Prologis Interest During SEGRO Offer

The Vanguard Group, Inc. disclosed a 13.52% interest in Prologis, Inc. during the company’s proposed acquisition of SEGRO plc, a position above the U.K. takeover disclosure threshold. Vanguard’s Form 8.3 dated Oct. 15 listed 128,485,522 Prologis common shares. The position was dated Oct. 14, when Vanguard purchased 41,067 shares at $130.46 each and sold 16,603 shares at the same price. In a separate Form 8.3, Vanguard listed an interest in 76,479,563 SEGRO shares, or 5.65%. The filing recorded Oct. 14 purchases of 18,020 shares at £9.44 and 5,049 shares at £9.45. Prologis is the offeror in a recommended acquisition of SEGRO. The terms provide for 0.0920 new Prologis shares for each SEGRO share, with a partial cash alternative of up to about £3.5 billion. SEGRO shareholders approved the scheme Sept.

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