Goodwin advised DCT Industrial Trust Inc. (NYSE: DCT) in connection with its definitive merger agreement with Prologis, Inc. (NYSE: PLD) pursuant to which Prologis will acquire DCT for $8.4 billion, including the assumption of debt, in a stock-for-stock transaction. Under the terms of the agreement, DCT shareholders will receive 1.02 Prologis shares for each DCT share they own.
DCT is a leading logistics real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. As of March 31, 2018, the company owned interests in approximately 73.7 million square feet of properties leased to approximately 840 customers.
The Goodwin team was led by partners John Haggerty and Daniel Adams and included partners Kelsey Lemaster, Edward Glazer, Alessandra Murata, Brad Smith and Craig Todaro, counsels Todd Hahn and Nathan Brodeur and associates Eryn Mathews, William Goldberg, Matthew Schoenfeld, Matthew Feuerman, Daniel Healy, Elle Srisirikul and John Stern.
For additional details on the merger, please read the press release.