NEW YORK, May 1, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of DCT Industrial Trust
Inc. ("DCT" or the "Company") (NYSE: DCT) in connection with the
proposed merger of the Company with Prologis, Inc. ("PLD") (NYSE:
PLD) in a stock-for stock transaction valued at approximately
$8.4 billion, inclusive of debt.
Under the terms of the agreement, the Company's shareholders
will be entitled to receive 1.02 shares of PLD for each DCT share
they own, representing consideration of $65.39 based on PLD's April 30 opening price.
WeissLaw is investigating whether DCT's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $67.00 per DCT share. Additionally, the
Company recently announced positive financial results. It
reported signed leases totaling 2.5 million square feet, reflecting
a 35% increase in rental rates on a straight line basis.
Given these facts, WeissLaw is investigating whether DCT
shareholders will obtain their fair and proportionate share of the
Company's continued success and growth prospects. If you own
DCT shares and would like more information about your rights or our
investigation, or if you have information to share with us, please
contact Joshua Rubin by
telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/dct-industrial-trust-inc/
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SOURCE WeissLaw LLP