supply chain M&A

Prologis offers to buy Duke Realty for $24B

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

DP World acquires logistics provider syncreon in $1.2B deal

DP World expands supply chain offering in latest deal

DP World announced Thursday the acquisition of supply chain solutions provider syncreon at an enterprise value of $1.2 billion. The Dubai state-owned port operator said the deal will allow it to provide end-to-end solutions capabilities to cargo owners.

Auburn Hills, Michigan-based syncreon primarily designs and operates supply chains for the automotive and technology industries. The company provides warehousing and distribution solutions in 91 facilities across 19 countries. Syncreon generated...

https://www.freightwaves.com/news/dp-world-acquires-logistics-provider-syncreon-in-12b-deal

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