Published: February 04, 2011
Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of ProLogis - PLD
NEW YORK - (BUSINESS WIRE) - Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of ProLogis
("ProLogis" or the "Company" ) (NYSE: PLD) for potential breaches of
fiduciary duties in connection with their conduct related to the sale of
the Company to AMB Property Corp. ("AMB" ) (NYSE: AMB). Under the terms
of the proposed all-stock deal, each share of ProLogis will be converted
into 0.4464 of a share of AMB new stock, valuing the Company at
approximately $8.4 billion, or $14.70 per share.. The combined company,
which will be called ProLogis, will have about $46 billion of owned and
managed assets.
Request more information now by clicking here: www.faruqilaw.com/PLD
Whether the ProLogis' Board of Directors breached their fiduciary duties
to ProLogis' stockholders by failing to conduct an adequate and fair
sales process to sell the Company prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues ProLogis'
shares and by how much this proposed transaction undervalues the Company
to the detriment of ProLogis shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, through all
phases of litigation. The firm has an experienced trial team which has
achieved significant victories on behalf of the firm's clients.
If you own common stock in ProLogis and wish to obtain additional
information, please visit us at www.faruqilaw.com/PLD
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New
York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: (877) 247-4292
Phone: (212) 983-9330
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