India, July 20 -- Brookfield Asset Management Ltd (BAM) and Canada Pension Plan Investment Board (CPP Investments) have agreed to acquire LXP Industrial Trust in an all-cash deal valued at about $5.20 billion, including debt and preferred equity, the companies said Monday.
Under the terms of the agreement, LXP shareholders will receive $61.20 per share, a 12.3% premium to the company's 30-day volume-weighted average share price through July 17, 2026.
Upon completion of the deal, LXP's shares will cease trading on the New York Stock Exchange and the company will become privately held.
LXP owns a portfolio of approximately 53 million square feet of warehouse and logistics facilities across 108 properties in key U.S. industrial markets, pri...