Duke Realty Says $24 Billion Insufficient to Prologis

  • May 11, 2022
  • Bridgette Randall
  • Duke Realty rejected the latest and nearly unrevised and public offer of $24 billion from Prologis.

    Duke Realty rejected the latest revised offer from Prologis for $24 billion. 

    Prologis offered to exchange one Duke Realty share for 0.466 of its share. The latest all-cash offer is higher than 0.465 offered on November 9, 2021. 

    Duke responded to the public offer and said that the current offer "is insufficient."

    Prologis is a leader in managing warehouses and logistics properties and Duke is known for its industrial and medical properties. 

    Duke Realty stock jumped 7.8% to $53.46 and Prologis stock fell 1.3% to $123.74. 

    In the last 52-weeks of trading, Prologis has gained 10% and Duke Realty has advanced 20%. 


Annual Returns

Company Ticker 2022 2021 2020
Duke Realty Corporation DRE -17% 64% 16%
Prologis Inc PLD -31% 69% 12%