Brookfield Asset Management and CPP Investments have agreed to acquire US industrial real estate investment trust LXP Industrial Trust in an all-cash transaction valued at approximately $5.2bn, according to a report by the Wall Street Journal.
The transaction, which includes net debt and preferred equity, will see LXP shareholders receive $61.20 per share in cash, representing a premium of more than 12% to the company’s 30-day volume-weighted average share price.
The acquisition is expected to c...
Continue Reading
Sign up for FREE to read the full article and access 135K+ alternative investment headlines.