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Prologis Prices Public Offering of Common Stock

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Prologis (PLD) has priced an underwritten public offering of 15 million shares for expected gross proceeds of about $2.1 billion, the company said Tuesday.

The offering is expected to close on Wednesday, Prologis said.

Prologis said it has granted the underwriters a 30-day overallotment option to purchase up to an additional 2.3 million shares.

The company said it plans to contribute the net proceeds to its operating partnership, which intends to use the proceeds for general corporate purposes, including the financing of potential acquisitions such as Segro.

Price: $140.54, Change: $-3.61, Percent Change: -2.50%

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Prologis Prices Public Offering of Common Stock | FINWIRES