Overview

• 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.