X (Twitter) LinkedIn
    Saturday, December 9
    Login
    0 Shopping Cart
    X (Twitter) LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Prologis offers to buy Duke Realty in $23.7 billion deal as warehouse demand soars
    Deals & Transactions

    Prologis offers to buy Duke Realty in $23.7 billion deal as warehouse demand soars

    May 12, 2022Updated:May 12, 20221 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Giant Art
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Prologis Inc, a warehouse real estate company, said on Tuesday it had offered to buy its smaller peer Duke Realty Corp in an all-stock deal valued at $23.7 billion, as it looks to benefit from the booming demand for industrial space.

    Storage space requirement, especially from e-commerce firms including Amazon.com Inc has seen a jump as the pandemic has prompted consumers to switch to online shopping.

    San Francisco-California based Prologis leases logistics facilities to about 5,800 customers including Amazon.com Inc, BMW AG, and FedEx Corp.

    The company’s offer values Duke, an owner and operator of industrial real estate, at $61.68 per share – an over 29% premium on its stock’s closing price on Monday.

    Read more: Reuters

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals and transactions PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Warburg Pincus surpasses target to close $17bn private equity fund

    October 18, 2023

    Brookfield banks $12B for its largest PE fund

    October 18, 2023

    Animal drugs maker Dechra agrees to lower £4.5bn takeover by Swedish private equity firm EQT

    June 3, 2023

    Warburg and Advent in the lead to acquire Baxter’s biopharma unit

    May 13, 2023

    Comments are closed.

    Other Articles

    Private lenders step in to salvage struggling public bond deals

    May 11, 2022

    TPG Growth and The Rise Fund Make Major Investment in Greenhouse Software

    January 16, 2021

    Democrats’ Bill Targets Private Equity, Hedge Fund Tax Break

    February 19, 2021

    Vodafone Rejects $13bn Italy Bid From Iliad, Apax

    February 14, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    X (Twitter) LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?