Prologis announced Monday it entered into an agreement to acquire competitor Duke Realty in a $26 billion all-stock transaction.
After months of rejecting its offers, Duke Realty (NYSE: DRE) finally came to the table and agreed to logistics warehouse operator Prologis’ sweetened bid. In early May, Prologis (NYSE: PLD) said it made a “final attempt to engage privately,” offering a 34% premium for Duke’s 165 million square feet of space. The $24 billion offer was rejected by Duke on the same day...
https://www.freightwaves.com/news/prologis-acquiring-duke-realty-in-26b-transaction