Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,527.17
    -1,547.02 (-3.09%)
     

  • CMC Crypto 200

    1,260.15
    -97.86 (-7.21%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

Logistics leader Prologis to acquire DCT Industrial for $8.4 billion

Reuters
A general view of the main entrance of Prologis logistics complex in Cajamar, Brazil February 2, 2018. REUTERS/Gabriela Mello

NEW YORK (Reuters) - Prologis Inc, a logistics company with a global footprint, will acquire smaller U.S. rival DCT Industrial Trust Inc in an $8.4 billion (£6.1 billion) all-stock transaction, including the assumption of debt, the two companies said on Sunday.

The acquisition will deepen Prologis' presence in high-growth markets including Southern California, the San Francisco Bay Area, New York and New Jersey, Seattle and South Florida, the companies said in a statement.

The board of directors of both companies unanimously approved the transaction, they said.

(Reporting by Herbert Lash; Editing by Peter Cooney)