Prologis Closes Acquisition of Duke Realty
Monday, 3 October 2022, 15:00:00
Prologis gains properties in key U.S. markets; Expands its Essentials offerings to 500+ new customers SAN FRANCISCO , Oct. 3, 2022 /PRNewswire/ — Prologis, Inc. (NYSE: PLD ) (“Prologis”) today announced the completion of its all-stock acquisition of Duke Realty Corporation (NYSE: DRE ) (“Duke Realty”) following approval by the shareholders of Prologis and Duke Realty. Valued at approximately $23 billion , including the assumption of debt, the completed transaction expands Prologis” presence in key U.S. markets. “In addition to the day-one accretion and avenues for further earnings growth, this acquisition gives us an even stronger ability to support our customers and their growth,” said Prologis Co-founder, CEO and Chairman Hamid R. Moghadam . “We”re gaining high-quality properties and more than 500 new customers in key markets. These new customers will be able to tap into our Essentials platform, which delivers end-to-end solutions to address critical supply chain challenges and contributes to their broader sustainability efforts.” Acquisition Highlights Prologis has a strong history of successfully integrating new assets into the business and creating value for customers through its scaled platform.
Wednesday, 28 September 2022, 23:15:00
SAN FRANCISCO and INDIANAPOLIS , Sept. 28, 2022 /PRNewswire/ — Prologis, Inc. (NYSE: PLD ) (“Prologis”) and Duke Realty Corporation (NYSE: DRE ) (“Duke Realty”) today announced that Prologis stockholders and Duke Realty shareholders have voted, separately, to approve the proposed merger at their respective special meetings held virtually today, September 28, 2022 . According to the results of the Prologis Special Meeting of Stockholders, more than 99 percent of votes cast at the meeting – approximately 87 percent of the outstanding shares of Prologis common stock as of the record date – were voted in favor of the issuance of Prologis common stock in connection with the merger. The final voting results of the Prologis Special Meeting will be filed as part of a Form 8-K with the U.S. Securities and Exchange Commission. According to the results of the Duke Realty Special Meeting of Shareholders, more than 99 percent of votes cast at the meeting – approximately 85 percent of the outstanding shares of Duke Realty common stock as of the record date – were voted in favor of approving the merger agreement and the transactions contemplated thereby, including the merger.
Wednesday, 28 September 2022, 15:30:00
In the last trading session, 5.45 million Duke Realty Corporation (NYSE:DRE) shares changed hands as the company’s beta touched 0.77. With the company’s per share price at $48.43 changed hands at -$0.87 or -1.76% during last session, the market valuation stood at $18.64B. DRE’s last price was a discount, traded about -36.73% off its 52-week … Duke Realty Corporation (NYSE: DRE) Stock Forecast For 2022: Bullish Signs Point To $74.00 Per Share Read More »
— Marketing Sentinel
Is Duke Realty Corp. (DRE) a Smart Long-Term Investment?
Monday, 19 September 2022, 09:29:53
Baron Funds, an asset management company, released its “Baron Real Estate Income Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. Baron Real Estate Income Fund (the “Fund”) declined 18.43% (Institutional Shares) in the second quarter of 2022, modestly underperforming its primary benchmark, the MSCI US REIT Index (the […]
— Insider Monkey
You Should Read This Analysis Before Investing in Duke Realty Corporation (NYSE:DRE)
Friday, 16 September 2022, 20:08:00
Duke Realty Corporation (DRE)’s stock is trading at $53.76 at the moment marking a fall of -2.39% from the last session close. As of this writing, shares are priced at -18.82% less than their 52-week high of $66.22, and 14.08% over their 52-week low of $47.12. Based on the past 30-day period, the stock price […]
— US Post News
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