Item 1(a). In particular, a number of factors could cause AMB's actual results to differ materially from those anticipated, including, among other things, defaults on or non-renewal of leases by tenants, increased interest rates and operating costs, AMB's failure to obtain necessary outside financing, difficulties in identifying properties to acquire and in effecting acquisitions, AMB's failure to successfully integrate acquired properties and operations, AMB's failure to timely reinvest proceeds from any such dispositions, risks and uncertainties affecting property development and construction (including construction delays, cost overruns, AMB's inability to obtain necessary permits and public opposition to these activities), AMB's failure to qualify and maintain our status as a real estate investment trust under the Internal Revenue Code, environmental uncertainties, risks related to natural disasters, financial market fluctuations, changes in real estate and zoning laws and increases in real property tax rates. "Morgan Stanley acted as financial advisor to ProLogis, and Greenberg Traurig and Mayer Brown acted as legal advisors to ProLogis. While both companies operate in the United States, the deal will give AMB, which also operates in China and Brazil, a large presence in the UK and Eastern Europe. ProLogis and AMB Property to Merge ProLogis, the warehouse operator, and AMB Property have agreed to merge in a deal that will create a real estate company with a market value of $24 billion. G Accion was the first international partner that AMB Property Corporation had, back on 2001, several years before merging with Prologis. AMB Property Corporation and ProLogis announced a definitive agreement to combine through a merger of equals, creating the pre-eminent global owner, operator and developer of industrial real estate. “He will make a lot of money on this and will have a very substantial stake in the surviving company,” said Ian Goltra, portfolio manager with Forward Management, which has $1.5 billion of REIT securities under management. Combined, the companies are expected to have a pro forma equity market capitalization of approximately USD 14 billion, a total market capitalization in excess of USD 24 billion, and gross assets owned and managed of approximately USD 46 billion.Under the terms of the agreement, each ProLogis common share will be converted into 0.4464 of a newly issued AMB common share, and the combined company will be an UPREIT. The companies called the deal “a merger of equals,” but some analysts said it amounts to a reverse merger with the smaller company taking on the identity of the bigger one. On June 3, 2011, AMB Property Corporation (NYSE:AMB) and ProLogis (NYSE:PLD) completed their merger, forming a combined company named Prologis,Inc. Former ProLogis common equity holders hold approximately 60 percent of the combined company's common stock, and former AMB common equity holders hold approximately 40 percent.The transaction will create synergies and be immediately accretive, with the full expected annual gross savings of approximately Moghadam, AMB's former CEO, and Rakowich, ProLogis' former CEO, will serve as co-CEOs of the combined company through Besides Moghadam and Rakowich, the members of the Board of Directors include: "Today's merger closing is a significant achievement, and I want to thank our colleagues around the world for their incredible efforts to get us to this point," Moghadam said. On June 3, 2011, AMB Property Corporationand ProLogiscompleted their merger and became Prologis, Inc. ""We have moved swiftly and deliberately on integration planning, and I am very pleased with our progress," Rakowich said. As of December 31, 2000, AMB owned, managed and had renovation and development projects totaling 92 million square feet and … AMB's success also depends upon economic trends generally, including interest rates, income tax laws, governmental regulation, legislation and population changes. The deal comes after a rough two years when tenants, especially in the United States, vacated properties because of poor global trade. AMB Property Corporation and ProLogis merge Newsroom 31/01/2011 | 18:40 AMB Property Corporation and ProLogis announced a definitive agreement to combine through a merger of equals, creating the pre-eminent global owner, operator and developer of industrial real estate. It plans on extending that out a few years, Moghadam said. "The long-term success of any merger depends on the people. San Francisco-based REIT Prologis is by far the leader of the pack, owning more than a third of the top 10’s share of space in terms of valuation. The agreement comes as ProLogis, the larger company, has struggled with debt. The merger is subject to customary closing conditions, including receipt of approval of AMB and ProLogis shareholders. Each share of AMB common stock will remain as one share of the combined company's common stock. Need a simpler way to source dock maintenance, pest control, HVAC and janitorial services? ProLogis shares closed at $14.92, down from a year high of $16.51 on Thursday after the merger talks were disclosed. Upon completion of the merger, the company will be named ProLogis).The combined company brings together two of the most complementary customer franchises in real estate. The company is expected to have a stock market value of about $14 billion, with AMB comprising $5.7 billion and ProLogis $8.7 billion, Moghadam said, based on their share prices on January 28. The companies’ warehouses, sometimes the size of more than a dozen U.S. football fields, store goods from drugs to shampoo to car parts.