Prologis completed the acquisition of Duke Realty for $26bn.

Prologis, a provider of logistics real estate, completed the acquisition of Duke Realty, an Indianapolis-based publicly traded REIT, for $26bn. Duke Realty shareholders received 0.475x of a Prologis share for each Duke Realty share they own. "We are confident that the proposed combination will be a win-win for our respective shareholders. Prologis has a proven track record serving as a leader and innovator in our industry. We are known for providing exceptional service to customers and delivering superior value for our shareholders, including the shareholders of companies we have merged with or acquired in the past. We have no doubt that Duke Realty's shareholders would similarly benefit from long-term value created by the combination of our companies," Hamid R. Moghadam, Prologis CEO and Co-Founder.