Wachtell Reps AMB In ProLogis Merger

Law360, New York (January 31, 2011, 4:27 PM EST) -- Industrial real estate developer AMB Property Corp. and warehouse leasing company ProLogis said Monday they would merge to create an industrial real estate giant with $46 billion in managed assets.

The all-stock merger will create a new company under the ProLogis name with more than $24 billion in market capital and $46 billion of owned and managed assets. Designed as a tax-free transaction, the deal calls for ProLogis stockholders to receive 0.44 shares of newly issued AMB common stock for each ProLogis share they currently hold,...
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