Wednesday, January 26, 2011

ProLogis in talks for biggest logistics merger


ProLogis, the world’s leading warehouse company, is in advanced talks to combine with AMB Property, another US industrial real estate company, in a deal that would establish the pair as the clear global leader in the logistics and distribution business.

According to people familiar with the matter, a tie-up between the two real estate investment trusts could be announced soon. However, talks about the terms and structure of a combination were continuing, they added, so the deal could yet be delayed or derailed.

Financial terms of the proposed deal couldn't be learned. The two companies have a combined market capitalization of $13.9 billion.

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