Agreement follows increased offer in which Duke Realty shareholders will receive 0.475 times a Prologis share Prologis will gain properties for its portfolio in key areas with the transaction, including Southern California, New Jersey, South Florida, Chicago, Dallas and Atlanta.
You are not comparing apples to apples. $PLD's proposed transaction value to acquire $DRE was ~$28B in May ($24B was EQUITY Offer Value). I've put a table below comparing Current vs. May proposal that might make it clear how the offer value has changed over the last one month...
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