UPDATE 1-Prologis to buy warehouse rival Liberty in $12.6 bln deal

Warehouse giant Prologis Inc said on Sunday it had agreed to acquire rival industrial real-estate business Liberty Property Trust in a $12.6 billion deal to improve its U.S. presence amid the ecommerce boom. If approved, Liberty shareholders would receive 0.675 times a Prologis share for each unit they hold, Prologis said in a statement. Prologis, which has a global footprint, said the all-stock deal including the assumption of debt would deepen its presence in U.S. markets such as Pennsylvania's Lehigh Valley, Chicago, Houston, New Jersey and Southern California.

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