SEGRO conceded Tritax Eurobox to Brookfield, but agrees purchase deal instead
Portfolio Pulse from
SEGRO PLC will not enhance its all-share offer for Tritax Eurobox PLC but has agreed to purchase some assets from Brookfield Asset Management, which offered a higher cash deal for Eurobox.
November 12, 2024 | 9:15 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Brookfield Asset Management has successfully outbid SEGRO for Tritax Eurobox with a higher cash offer, but will sell some assets to SEGRO.
Brookfield's higher cash offer for Tritax Eurobox is more attractive than SEGRO's all-share offer, indicating a successful acquisition. The agreement to sell some assets to SEGRO suggests a strategic move to balance the acquisition.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80