Signage outside the Prologis warehouse occupied by Kuene + Nagel on Sunday, November 7, 2021 in Redlands, California, US. The fallout from the global supply-chain crisis is closing US ports, pushing warehouses to capacity and forcing logistics managers to scramble. space.
Roger Kisby | Bloomberg | Getty Images
warehouse huge offer said on Monday it would acquire its smaller rival Duke Realty In an all-stock deal worth approximately $26 billion, including debt.
The board of directors of both the companies have unanimously approved the transaction, a press release said.
Prologis controls approximately 1 billion square feet of warehouse and distribution centers used by companies, including heroine, home depot And fedex, While Duke Realty owns and operates approximately 160 million square feet of industrial real estate in 19 major US logistics markets.
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