In what the company calls its biggest and most strategic acquisition in seven years, Prologis on Monday announced the completion of its all-stock acquisition of Duke Realty Corporation following approval by the shareholders of Prologis and Duke Realty.

The deal is valued at approximately $23 billion, including the assumption of debt, and the completed transaction expands Prologis' presence in key U.S. markets.

Tim Arndt, Chief Financial Officer at Prologis, tells GlobeSt.com that he's excited about the opportunities the Duke Realty acquisition brings to the company.

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