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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of DCT Industrial Trust Inc. to Prologis, Inc. (NYSE: PLD). Under the terms of the transaction, DCT Industrial shareholders will receive 1.02 shares of Prologis for each share of DCT Industrial stock they own. Based on the closing price of Prologis on April 27, 2018, this represents a value of approximately $67.91 per share.
The investigation concerns whether the Board of DCT Industrial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Prologis is underpaying for DCT Industrial shares, thus unlawfully harming DCT Industrial shareholders.
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