Prologis closes $23B all-stock acquisition of Duke Realty, adds 142M sq ft

Prologis, Inc.

Acquisition valued at ~$23B including debt; each DRE share converted to 0.475 PLD shares.
Adds ~480 logistics buildings (142M sq ft) in 19 major U.S. markets plus 7M sq ft under development.
Over 500 new customers gained; Prologis expands into Savannah, GA, 4th-largest U.S. container gateway.
James Connor (Duke Realty CEO) appointed to Prologis board effective October 3, 2022.
Day-one accretion expected; Prologis cites expanded Essentials platform for customers.

item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

James B. Connor

Director

PLD · Prologis, Inc.

Effective: 2022-10-03
Filed: October 3, 2022, 7:59 PM ET

Prologis increased the size of the Prologis board of directors from eleven members to twelve members and appointed James B. Connor to the Prologis board of directors, to hold office until his successor is elected and qualified or his earlier death, resignation or removal.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James B. Connor was appointed as Director at Prologis, Inc..

Action: appointed
Role: Director

Exact text from the filing

Prologis increased the size of the Prologis board of directors from eleven members to twelve members and appointed James B. Connor to the Prologis board of directors, to hold office until his successor is elected and qualified or his earlier death, resignation or removal.

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Prologis, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-105238

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