BOSTON -- ProLogis and AMB Property Corp. on Monday announced a merger agreement in a stock-for-stock transaction expected to close in the second quarter of 2011. The combined company would have a total market capitalization of $24 billion. Following completion of the merger, which requires the approval of AMB and ProLogis shareholders, the firm will be named ProLogis and trade under the ticker symbol PLD, according to a press release. The two real estate investment trusts last week confirmed speculation they were in deal talks.

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