Duke Realty Corp

+1.99 (+3.59%)
Mergers / Acquisitions

Prologis To Combine With Duke Realty In $26 Billion All-Stock Transaction

Published: 06/13/2022 12:12 GMT
Duke Realty Corp (DRE) - Press Release - Prologis to Combine With Duke Realty in $26 Billion All-stock Transaction.
Prologis Inc - Transaction is Anticipated to Create Immediate Accretion of Approximately $310-370 Million.
Prologis Inc - Future Synergies Have Potential to Generate Approximately $375-400 Million in Annual Earnings and Value Creation.
Prologis Inc - Under Terms of Agreement, Duke Realty Shareholders Will Receive 0.475x of a Prologis Share for Each Duke Realty Share They Own.
Prologis Inc - Respective Board of Directors for Prologis and Duke Realty Have Unanimously Approved Transaction.
Prologis Inc - in Year One, Transaction is Expected to Increase Annual Core Funds From Operations, Excluding Promotes per Share by $0.20-$0.25.
Prologis Inc - on a Core AFFO Basis, Excluding Promotes, Deal is Expected to Be Earnings Neutral in Year One.