Logistics real estate giant Prologis announced Tuesday a proposal to acquire competitor Duke Realty in an all-stock transaction valued at $24 billion.
An offer price of $61.68 per share for Duke Realty (NYSE: DRE) represents a 29% premium to Monday’s closing price and a 32% premium based on the 30-day volume weighted averages. Prologis (NYSE: PLD) said the deal “provides significant growth and upside potential” to both companies.
“We are known for providing exceptional service to customers and...
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