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MPR Investors Approve Cash Offer From ProLogis

DENVER-Unitholders of Macquarie ProLogis approve proposals relating to ProLogis' tender offer for all public units of the ASE-listed industrial property trust.

By Brian K. Miller | Updated on June 27, 2007

(Read more on the industrial market.)

DENVER-The locally based industrial REIT ProLogis revealed today that unitholders of the Macquarie ProLogis have signed off on proposals relating to ProLogis’ tender offer for the public units of industrial property trust listed on Australian Securities Exchange.

MPR and ProLogis initiated the deal in April. It call for a ProLogis subsidiary to acquire of all of the units in MPR for a cash consideration of A$1.43 per unit. The offer price values the total equity in MPR at A$1.24 billion.

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