UK mid-cap stocks have a takeover problem

UK mid-cap stocks have a takeover problem – one that sums up the trouble with investing in anything from growth companies to turnaround plays in the UK stock market.Take the bid by US firm Prologis for UK property company Segro. As a holder of both Prologis and Segro shares, I should not be too bothered. Yet in practice, this looks like a pretty rough deal for Segro shareholders who want to stay invested. They swap a focused UK and European logistics investor for part of a much larger grou