Recommended bid (Il Sole 24 Ore Radiocor) - London, 04 Sep - Segro, a UK REIT specializing in warehouses and industrial properties, said it reached an agreement on the terms of a recommended all-share for Tritax EuroBox, which invests in Continental European logistics real estate.

Under the terms of the deal, Tritax EuroBox shareholders will be entitled to receive 0.0765 new Segro shares for every share held.

In addition, Tritax EuroBox shareholders will be entitled to receive a dividend of 1.25 euro cents per share for the quarter ending September 30.

The transaction values Tritax EuroBox at approximately 552 million pounds. Based on Tritax EuroBox's net debt as at March 31, the enterprise value is 1.101 billion pounds.

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(RADIOCOR) 04-09-24 08:58:54 (0167) 5 NNNN