AMB Property, ProLogis to Merge

AMB Property Corporation (AMB) and ProLogis (PLD) said today they have agreed to merger via a merger of equals, which the companies say will create a pre-eminent global owner, operator and developer of industrial real estate with a combined market capitalization in excess of $24 billion. The combined company will have $46 billion in owned and managed assets.

Read full post here. Yahoo! News

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