Denver-based ProLogis in merger talks

Posted by puguh on Sunday, January 30, 2011

Denver-based ProLogis in merger talks. Denver-based industrial real estate giant ProLogis is in talks with San Francisco-based AMB Property Corp. about a potential merger of the companies.

The companies would combine in an all-stock, at-market transaction based on the trading prices of the two companies' stock before reports of a possible merger were published.

While the companies confirmed the merger talks, they said they intend to make no further comment unless and until a definitive agreement is reached or negotiations are terminated.

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