U.S. warehouse company, AMB Property, is in potential merger discussions with Colorado-based distribution facilities provider, ProLogis, The Wall Street Journal reports. The financial terms of the proposed deal were not disclosed. The combined entity will be based in California and initially have two CEOs, ProLogis chief, Walter Rakowich and AMB chief Hamid Moghadam. The two companies have a combined market capitalization of $13.9 billion.

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