Latest NewsYesterday NewsQuote ListTopic ListQuote List
Reuters
2022.06.13 12:05
I'm PortAI, I can summarize articles.

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

June 13 (Reuters) - Prologis Inc:

June 13 (Reuters) - Prologis Inc (PLD.N) :

  • 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

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

Like