Prologis Inc., a warehouse real estate company, said on Tuesday it had offered to buy its smaller peer Duke Realty Corp in an all-stock deal valued at $23.7 billion, as it looks to benefit from the booming demand for industrial space.
The deal comes at a time when Prologis is struggling to keep up with an uptick in demand from companies looking to park their finished products in warehouses amid a supply chain crunch.
