warehouse giant prologis to acquire dct in us$8.4 bln deal /

Published at 2018-04-30 04:16:00

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San Francisco-based warehouse giant Prologis will acquire smaller US rival DCT Industrial Trust in a stock and assumed-debt transaction worth US$8.4 billion. DCT shareholders will receive 1.02 Prologis shares for every DCT share they own,Reuters reports, citing a statement by the companies on Sunday. The transaction is expected to shut in the third quarter. […]

Source: ejinsight.com

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