Deals
Prologis to Buy Liberty Property in $9.7 Billion Stock Deal
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Prologis Inc., one of the world’s largest warehouse owners, has agreed to buy Liberty Property Trust in an all-stock transaction valued at $9.7 billion, extending its reach in markets such as Chicago, Houston and Southern California.
The transaction gives Liberty stakeholders 0.675 Prologis shares for each Liberty share they own, the companies said in a statement. That represents premium of about 21% based on Friday’s closing prices.