Prologis Agrees to Acquire Duke Realty in $26B All-Stock Transaction
SAN FRANCISCO AND INDIANAPOLIS — San Francisco-based industrial giant Prologis Inc. (NYSE: PLD) has agreed to acquire Indianapolis-based Duke Realty (NYSE: DRE) for $26 billion in an all-stock transaction, including debt.The mega-merger of these two REITs is scheduled to close in the fourth quarter. The board of directors for each company has already unanimously approved the transaction.In May, Prologis offered to acquire Duke in an all-cash transaction for $61.68 per share, a …