Prologis Inc.
PLD -4.70%
said it has offered to buy
Duke Realty Corp.
DRE 2.93%
in a $23.7 billion deal, as one of the country’s largest warehouse owners seeks to add more space serving the e-commerce market.
Prologis operates warehouses around the world for customers at the crux of online shopping, including Amazon.com Inc.,
Walmart Inc.
and…
CEO Jamie Iannone says the company is better positioned to withstand changing consumer habits—and rising inflation.
CEO Jamie Iannone says the company is better positioned to withstand changing consumer habits—and rising inflation.
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