Warehouse giant AMB Property Corp. is ready to merge with larger rival ProLogis, according to a report in The Wall Street Journal. If the merger occurs, it would be the biggest deal since the recession involving publicly traded real-estate companies.

Both companies released statements Wednesday night confirming they were in discussions "regarding a potential merger of equals," according to the Journal.

The warehouse companies would combine in an all-stock, at-market transaction," based on share prices.

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