Segro shares surged 7.1% to 958.60 pence, reaching a near four‑year high after the U.K. industrial landlord accepted Prologis’s final offer of 14 billion pounds ($18.72 billion). The London‑listed stock, which has risen 33% YTD, benefited from the agreement to recommend the proposal to shareholders and extend the deadline until Aug. 12. Prologis, the U.S. warehouse giant, had previously made three unsuccessful bids before boosting its offer and adding a partial cash alternative of up to 3.5 billion pounds. Segro’s decision marked the latest in a series of takeover attempts, with the company’s board yielding after rejecting earlier proposals. The move places the company at the center of a high‑profile M&A transaction in the industrial real‑estate sector. Investors are watching the final stages closely as Prologis seeks to consolidate its presence in the U.K. market.

The valuation, roughly £14 billion, has attracted regulatory attention and could establish a new benchmark for cross‑border industrial real‑estate deals. Analysts predict that a successful takeover would strengthen Prologis’s U.K. portfolio and offer synergies in logistics and distribution networks.

Segro’s shareholders will vote on the proposal in Futuring weeks, and the company’s board has expressed confidence that the offer represents a premium to its current market value.