Prologis to buy DCT Industrial for $8.4b

Prologis has agreed to buy logistics-property owner DCT Industrial Trust for $8.4 billion including debt.
The acquisition will deepen Prologis’ presence in high-growth markets including Southern California, the San Francisco Bay Area, New York, New Jersey, Seattle and South Florida, the companies said in a statement.
The deal is the largest for Prologis since it merged with AMB Property in 2011 in an $8.7 billion transaction…

Prologis to buy DCT Industrial for $8.4b
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