ProLogis Confirms Ongoing Discussions Regarding Strategic Combination With AMB
January 26 2011 - 10:40PM
PR Newswire (US)
DENVER, Jan. 26, 2011 /PRNewswire/ -- ProLogis (NYSE:
PLD) today announced that it and AMB Property Corporation (NYSE:
AMB) are in discussions regarding a potential merger of equals, in
which the two companies would combine in an all-stock, at-market
transaction, based upon the unaffected trading prices of the two
companies' stock prior to media reports of a possible merger.
There can be no assurance that any discussions regarding a
merger will result in a definitive agreement for such a transaction
or the timing of such agreement or any transaction. ProLogis
and AMB have issued press releases in response to media reports and
intend to make no further comment regarding their discussions or
negotiations unless and until a definitive agreement is reached or
discussions are terminated.
About ProLogis
ProLogis is the leading global provider of distribution
facilities, with more than 435 million square feet of industrial
space owned and managed (40 million square meters) in markets
across North America, Europe and Asia. The company leases its industrial
facilities to more than 4,400 customers, including manufacturers,
retailers, transportation companies, third-party logistics
providers and other enterprises with large-scale distribution
needs. For additional information about the company, go to
www.prologis.com.
SOURCE ProLogis
Copyright 2011 PR Newswire
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