Deals
Prologis Shares Tumble After Firm Seals $26 Billion Duke Bid
- Both companies’ boards have approved the potential deal
- Prologis sees e-commerce as a continued driver of demand
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Prologis Inc. boosted its bid for US warehouse landlord Duke Realty Corp. to an all-stock offer of about $26 billion including debt, securing a deal after months of negotiations.
Prologis plans to hold about 94% of Duke Realty’s assets and exit one market, the companies said in a statement Monday. Both firms’ boards have approved the transaction.