We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Duke Realty Corporation (“Duke Realty” or the “Company”) (NYSE: DRE), in connection with the proposed acquisition of the Company by Prologis, Inc. (“Prologis”) (NYSE: PLD). Upon completion of the transaction, the Company’s shareholders will receive 0.475 shares of Prologis common stock for each Duke Realty share owned, representing implied per-share merger consideration of approximately $55.69 based upon Prologis’s June 10, 2022 closing price of $117.24. The all- stock transaction is valued at approximately $26 billion.
Weiss Law is investigating whether (i) Duke Realty’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Duke Realty’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.