Industrial real estate giant Prologis is pushing Segro's board to enter negotiations for a proposed takeover valued at 12.6 billion pounds (approximately $16.9 billion). Prologis stated it is prepared to discuss the merger further, believing it offers the optimal path to maximize long-term shareholder value for the London-based REIT.

Under U.K. regulations, Prologis has a deadline of July 22 to submit a formal offer or abandon its pursuit. Segro's board previously rejected the approach in June, deeming it opportunistic and significantly undervaluing the company.

The renewed push for talks signals Prologis's determination to acquire Segro, a move that could reshape the industrial logistics real estate sector. Investors in both companies will be watching closely as the deadline approaches, with Segro shareholders urged to pressure their board into discussions.