The Currency Scene:
News, Events, and Stories about currency from around the world.

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

FILE PHOTO: A general view of the main entrance of Prologis logistics complex which Inc is planning to rent in Cajamar, Brazil February 2, 2018. REUTERS/Gabriela Mello

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

Read more from our friends at Reuters:

Pin It

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

Visit the CurrenScene Media Page