Business & Finance
Business and Finance
Business and Finance 
Thu, February 3, 2011
Wed, February 2, 2011
The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of ProLogis in Connection with
NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of ProLogis (NYSE: PLD) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed combination with AMB Property Corporation (NYSE: AMB). Under the terms of the proposed transaction, each ProLogis common share will be converted into 0.4464 of a newly issued AMB common share. Based on AMBa™s prior closing price, the deal has an implied value of $14.70 per share.
The investigation concerns whether the ProLogis Board of Directors breached their fiduciary duties to ProLogis stockholders by failing to adequately shop the Company before entering into this transaction and whether ProLogis stockholders are receiving adequate consideration for their stock. ProLogis shares traded as high as $16.52 per share as recently as January 27, 2011 and at least one analyst set a price target for ProLogis stock $16.50 per share.
If you own common stock in ProLogis and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/prologis.html ].
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.