DCT Shareholders Approve $8.4 Billion Merger with Logistics Giant Prologis

Shareholders of Denver-based real estate investment trust DCT Industrial Trust nearly unanimously approved the $8.4 billion sale of the company to Prologis, the world’s largest logistics property owner, the company said Monday. The vote cleared the way for the closing of the sale that is anticipated to be the largest deal in a year that is on pace to be a record for mergers and acquisitions involving real estate investment trusts.

The companies…

from National Commercial Real Estate News From CoStar Group https://ift.tt/2MIhMYW