Brookfield, CPP Investments to buy LXP Industrial Trust for USD 5.2 billion in cash
LXP Industrial Trust
بروكفيلد لإدارة الأصول
بروكفيلد
LXP Industrial Trust LXP | 0.00 | |
Brookfield Asset Management Inc BN | 0.00 | |
Brookfield Asset Management Ltd. Class A BAM | 0.00 |
- Brookfield Asset Management, partnering with CPP Investments, agreed to buy LXP Industrial Trust in an all-cash deal valued at about USD 5.2 billion.
- Shareholders will receive USD 61.2 per share, a 12.3% premium to the 30-day VWAP and 19.8% to the 90-day VWAP.
- Closing is expected in Q4 2026, pending shareholder approval and other customary closing conditions; the deal has no financing condition.
- A 40-day go-shop runs through Aug. 28, 2026; common share dividends are suspended until closing or termination.
- On completion, the shares will stop trading on the NYSE and the company will become privately held.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LXP Industrial Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607200630PRIMZONEFULLFEED9764625) on July 20, 2026, and is solely responsible for the information contained therein.
