NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, has launched an investigation to determine whether officers or directors of Duke Realty Corporation (“Duke Realty”) breached their fiduciary duties or violated federal securities laws in connection with the company’s acquisition by Prologis, Inc. (“Prologis”).
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On June 13, 2022, Duke Realty announced that it had entered into an agreement for acquisition by Prologis in an all-stock transaction. Pursuant to the merger agreement, each Duke Realty shareholder will receive 0.475 Prologis shares for each Duke Realty share held. The transaction is expected to close in the fourth quarter of 2022.
Bragar Eagel & Squire is concerned Duke Realty’s board oversaw an unfair process and ultimately agreed to an inadequate merger deal. Accordingly, the company is reviewing all relevant aspects of the agreement and is committed to ensuring the best possible outcome for Duke Realty shareholders.
If you own shares of Duke Realty and are concerned about the proposed merger, or would like to know more about the investigation or your legal rights and remedies, please contact Melissa Fortunato by email at [email protected] or by phone at (646) 860-9157, or by by filling out this contact form. There is no cost or obligation for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.