PLD - Why Warehouses Are Such Hot M&A Property
By Breakingviews
Nothing says drama like warehouse M&A. But this once-stodgy business has become the new must-have acquisition, with over $40 billion worth of tie-ups proposed this year. This includes industry behemoth Prologis's ([[PLD]]) agreed offer on Sunday to buy Liberty Property Trust ([[LPT]]) in an all-stock deal for $9.7 billion. Investors may find the price a bit rich. But clients, including Amazon ([[AMZN]]) and Walmart ([[WMT]]) are competing for delivery speed. So, being able to offer storage ahead of the so-called last mile could become a gold rush. Wall Street bankers facing sluggish deal