Prologis

Prologis shares fell about 3% after the company announced a recommended $18.8 billion takeover of SEGRO and a simultaneous capital raise. SEGRO shareholders will receive 0.0920 new Prologis shares per share; a partial cash option is capped at roughly £3.5 billion, meaning many new shares will be issued. Prologis is also placing 15 million common shares (gross proceeds ~ $2.1 billion) with a 30‑day overallotment option; J.P. Morgan and BofA Securities are joint bookrunners. Management expects the transaction to be "largely neutral to minimally dilutive" for core FFO and AFFO per share in the first full year; closing is targeted for H1 2027. » More on de.investing.com

Prologis is issuing 15 million new shares and expects to raise about $2.1 billion to fund general corporate purposes and potential acquisitions such as the takeover of Segro. The placement is being led by JPMorgan and Bank of America and represents a dilutive capital measure. Prologis cautioned that closing the proposed Segro transaction on the suggested terms or within the expected timeframe is not guaranteed; the stock fell 2.8% in premarket trading to $140.06. » More on de.investing.com

The Prologis share has already recovered after rising from $127.29 to a high of $153.35 and pulling back to $142.32, closing at $147.26 above the 10‑day EMA ($146.18) and 50‑day EMA ($143.26). The price is clearly above the Ichimoku cloud, the 200‑day EMA is rising at $134.80, supporting the uptrend. Technically, a breakthrough above $150.00 would be directional with targets at $153.35 and $156.00. Strong Q2 figures (EPS $1.13, more than 50% above expectations), an analyst price target of $153.60 and positive seasonal patterns underpin further upside potential. » More on finanzen.net