(Reuters) – Logistics company Prologis Inc (N:) said on Sunday it had agreed to acquire commercial real estate firm Liberty Property Trust (N:) in an all-stock deal valued at about $12.6 billion, including debt, to improve its presence in some U.S. 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 (NYSE:) California.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.