Duke Realty Archives - Maritime Shipping News

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

28 September 2022

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

Prologis adquiere Duke Realty en una operación de 26.000 millones de dólares

13 June 2022

Prologis anunció el lunes que ha llegado a un acuerdo para adquirir a su competidor Duke Realty en una operación de 26.000 millones de dólares en acciones.

Tras meses de rechazar sus ofertas, Duke Realty (NYSE: DRE) finalmente se sentó a la mesa y aceptó la oferta edulcorada del operador de bodegas logísticas Prologis. A principios de mayo, Prologis (NYSE: PLD) dijo que había hecho un “último intento de compromiso privado”, ofreciendo una prima del 34% por los 165 millones de pies cuadrados de...

https://www.freightwaves.com/news/prologis-adquiere-duke-realty-en-una-operacion-de-26-000-millones-de-dolares-2

Prologis acquiring Duke Realty in $26B transaction

13 June 2022

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

Prologis offers to buy Duke Realty for $24B

10 May 2022

A Prologis sign in front of a Prologis warehouse

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...

https://www.freightwaves.com/news/prologis-offers-to-buy-duke-realty-for-24b