Merger Arbitrage Mondays: Prologis Acquires Duke Realty For $26 Billion

Summary

  • After rejecting two prior offers from Prologis, Duke Realty entered into a definitive agreement to be acquired by Prologis in an all-stock deal valued at $26 billion.
  • Continental Resources received a non-binding proposal from its founder, Harold Hamm, to acquire all outstanding shares of Continental for $70 per share.
  • Five new SPAC business combinations were announced last week.
  • Looking for more investing ideas like this one? Get them exclusively at Inside Arbitrage. Learn More »

Duke Realty corporate headquarters. Duke Realty owns and operates more than 149 million square feet of logistics properties.

jetcityimage/iStock Editorial via Getty Images

Merger activity increased last week with four new deals announced and one deal completed. There was a significant increase in SPAC activity as well with five new SPAC business combinations announced.

Duke Realty Corporation (

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This article was written by

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Asif Suria is an entrepreneur and investor with a professional background in technology and a focus on event driven strategies including: merger arbitrage, spinoffs, (legal) insider trading, buybacks and SPACs. Asif has been actively investing for over 20 years and sharing his ideas for the past 10.

He is the leader of the investing group Inside Arbitrage where he shares investment ideas rarely found in mainstream financial press. Inside Arbitrage provides access to six different event-driven strategies to expand your investing toolbox, special situations focused tools, qualitative writeups of ideas through weekly articles, and a comprehensive monthly newsletter. Learn more.

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