(Reuters) - Logistics company Prologis Inc (N:PLD) said on Sunday it had agreed to acquire commercial real estate firm Liberty Property Trust (N:LPT) in an all-stock deal valued at about .6 billion, including debt, to improve its presence in some U.S. markets.
For each Liberty share, its shareholders will receive 0.675 times of one Prologis share, Prologis said in a statement.
Prologis, which has a global footprint, said the deal would deepen its presence in U.S. markets such as Pennsylvania's Lehigh Valley, Chicago, Houston, New Jersey and Southern (NYSE:SO) California.
