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Bucharest
April 20, 2021
BUSINESS

AMB Property Corporation and ProLogis close merger

AMB Property Corporation and ProLogis has announced yesterday in a press release the completion of their merger, forming a combined company named Prologis, Inc., a leading global owner, operator and developer of industrial real estate. The common stock of the combined company started to trade under the symbol PLD on the New York Stock Exchange on June 3, 2011. As a result of the merger, each former ProLogis common share has been converted into the right to receive 0.4464 of a newly issued share of the combined company’s common stock. Each share of AMB common stock will remain as one share of the combined company’s common stock.  Former ProLogis common equity holders hold approximately 60 percent of the combined company’s common stock, and former AMB common equity holders hold approximately 40 percent.

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