Prologis’ $26B acquisition of Duke Realty approved by shareholders

Hub Group container at a Prologis facility

Prologis announced Wednesday after the market closed that shareholders approved the proposed $26 billion all-stock acquisition of Duke Realty. In separate votes both held Wednesday, 87% of Prologis shareholders and 85% of Duke Realty shareholders agreed to the terms of the merger.

“Upon consummation of the merger, Duke Realty shareholders will receive 0.475 of a newly-issued share of Prologis common stock for each share of Duke Realty common stock they own immediately prior to the effective time...

https://www.freightwaves.com/news/prologis-26b-acquisition-of-duke-realty-approved-by-shareholders

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