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.