secwatch.observer — SEC 8-K summary
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Issuer:     Prologis, Inc. (PLD)
CIK:        0001045609
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001104659-22-105238
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045609/000110465922105238/0001104659-22-105238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045609/000110465922105238/tm2227221d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-105238

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer