Brookfield's $1.44 Billion Bid for Tritax EuroBox Surpasses Segro Offer

The Canadian investment giant's cash proposal is favored over Segro's all-share bid, potentially igniting a takeover battle.

Tritax EuroBox has accepted a £1.1 billion cash offer from Brookfield, valuing shares at 69p each.
The Brookfield bid represents a 6% premium over Segro's initial all-share offer, which was valued at 65.1p per share.
Tritax EuroBox plans to withdraw its support for Segro's proposal in favor of Brookfield's more certain cash offer.
Brookfield intends to integrate Tritax EuroBox's logistics assets into its European portfolio, enhancing its real estate holdings.
Market reactions suggest a potential bidding war, with Tritax shares rising as investors anticipate further developments.