Prologis to buy Liberty Property Trust at $12.6 bn deal

Representative image. (Photo/Pixabay)

Logistics company Prologis Inc said on Sunday it had agreed to acquire commercial real estate firm Liberty Property Trust in an all-stock deal valued at about $12.6 billion, including debt, to improve its presence in some US markets.

For each Liberty share, its shareholders will receive 0.675 times of one Prologis share, Prologis said in a statement.

Prologis, which has a global footprint, said the deal would deepen its presence in U.S. markets such as Pennsylvania's Lehigh Valley, Chicago, Houston, New Jersey and Southern California.

DH Newsletter Privacy Policy Get top news in your inbox daily
Comments (+)