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Duke Realty Rejects Nearly $24 Billion Buyout Offer from Prologis

Duke Realty Corp. on Wednesday rejected the nearly $24 billion buyout offer from the warehousing giant Prologis Inc., calling the unsolicited offer insufficient.

“We believe the latest offer, virtually unchanged from its prior proposals, is insufficient in that regard,” Duke Realty said in a statement, adding it will have no further comment on the proposal at this time.