ARGAN and WDP Merge in €13B All-Share Deal to Create European Logistics Giant
AGX has more than doubled off its 52-week low of $197.
Summary
ARGAN and WDP announced a friendly all-share merger to form a €13 billion European logistics REIT. ARGAN shareholders will receive 3 WDP shares per ARGAN share plus an exceptional €11/share distribution, implying €79.22 per share — a 21% premium. The combined entity will span 8 countries with €700M+ annual rental income and 13M m² of space, becoming a top-3 European logistics player. The deal is expected to close in Q1 2027 after shareholder votes in November 2026. The transaction is immediately accretive to WDP's EPRA EPS and NTA, and ARGAN shareholders gain a premium, dividend uplift, and enhanced liquidity.
At the time of this announcement, AGX was trading at $600.05 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $8.4B. The 52-week trading range was $197.00 to $805.75. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.