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Prologis (PLD) Proposes to Acquire Duke Realty (DRE) in All-Stock Transaction Valued at $61.68 Per Share

  • May 10, 2022


StockDuke Realty Corp.SymbolDRE
Date Announced05/10/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Prologis, Inc.
Date of Confirmation: 06/13/2022Price at Confirmation: $49.82
Potential Profit: -9.04%Annualized Profit: -97.02%

Prologis, Inc. (PLD), the global leader in logistics real estate, sent a letter to James B. Connor, Chairman and Chief Executive Officer of Duke Realty Corporation (DRE) proposing to acquire Duke Realty in an all-stock transaction.


May 11, 2022: Duke Realty Corporation (DRE) responds to the acquisition proposal from Prologis Inc. (PLD)

Duke Realty Corporation (DRE) Board of Directors had evaluated proposals from Prologis and will remain open to exploring all paths to maximize shareholder value, and they believe the latest offer, virtually unchanged from its prior proposals, is insufficient.

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