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gfp927z

Re: None

Monday, 06/13/2022 11:34:35 PM

Monday, June 13, 2022 11:34:35 PM

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>>> UPDATE 1 - Prologis to buy Duke Realty in $26 bln deal


Reuters

June 13, 2022


https://finance.yahoo.com/news/1-prologis-buy-duke-realty-121523824.html


June 13 (Reuters) - Warehouse provider Prologis Inc said on Monday it would acquire smaller peer Duke Realty Corp in an all-stock deal valued at about $26 billion, including debt.

Last month, Duke Realty had rejected a $23.7 billion all-stock offer from Prologis, calling the offer "insufficient".

Both companies' boards have approved the deal, Prologis said on Monday.

Storage space requirement, especially from e-commerce firms including Amazon, has seen a jump after the pandemic prompted consumers to switch to online shopping.

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