ProLogis confirms merger talks with AMB Property (Reuters)
BANGALORE (Reuters) – U.S. someone of warehouses and organisation centers ProLogis (PLD.N) said New on weekday it is in integration talks with competition AMB Property Corp (AMB.N).
ProLogis and AMB Property, the digit largest publically traded owners of warehouses, are exploring consortium their dealings based upon the superior trading prices of the digit companies' have preceding to media reports of a doable merger, ProLogis said.
ProLogis and AMB impart to attain no boost comment regarding the integration discussions, the companies said in removed statements.
On Wednesday, Reuters reportable that the digit companies are exploring options to consortium their dealings and a care would become soon.
(Reporting by Sakthi Prasad in Bangalore; Editing by Muralikumar Anantharaman)
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