Prologis to Buy Liberty Property Trust for $12.6 Billion

Prologis, Inc. (NYSE: PLD) said Oct. 27 that it will acquire Liberty Property Trust (NYSE: LPT) in an all-stock transaction for approximately $12.6 billion, including debt.

Under the terms of the agreement, Liberty shareholders will receive 0.675 of a Prologis share for each Liberty share they own. The transaction is currently expected to close in the first quarter of 2020.