UK logistics real estate company Segro rejects a takeover approach from US-listed Prologis, according to multiple reports. Prologis, based in San Francisco, submits an offer to buy Segro for 925 pence per share on June 16. Segro rejects the proposal on Tuesday, prompting Prologis to move to the next stage by publicly urging Segro shareholders to pressure the company’s board to engage with the bid. Prologis’ public push follows its valuation of the offer at roughly £12.6 billion, with one outlet describing the same deal value as $16.6 billion. The reports present the development as part of an ongoing takeover attempt targeting a UK FTSE 100 firm, with Segro maintaining its position despite the public disclosure and shareholder-facing campaign. No consensus is reported among the sources on Segro’s detailed rationale for rejecting the bid, only that the offer has been rebuffed and Prologis continues to seek shareholder support. The situation remains a takeover contest between the bidder’s efforts and the target company’s response.