logo
DRE_Logo
This transaction increases the strength, size and diversification of our balance sheet while expanding the opportunity for Prologis to apply innovation to drive long-term growth," said Tim Arndt, Prologis' chief financial officer

Prologis to buy Duke Realty in a deal worth $26 billion

The all-stock deal, which includes debt, is expected to close later this year

By Shubhangi Mathur
Published - Jun 13, 2022, 07:55 PM ET
Last Updated - Mar 04, 2024, 01:26 PM EST

The all-stock deal, which includes debt, is expected to close later this year

Warehouse operator Prologis Inc (NYSE: PLD) said on Monday it would buy Duke Realty Corporation (NYSE: DRE) in a deal worth $26 billion.

This comes after Duke Realty initially rejected the $24 billion offer by Prologis last month. Meanwhile, the all-stock deal, which includes debt, is expected to close later this year.

"This transaction increases the strength, size and diversification of our balance sheet while expanding the opportunity for Prologis to apply innovation to drive long-term growth," said Tim Arndt, Prologis' chief financial officer.

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024