Brookfield, CPP Investments to buy LXP Industrial Trust for USD 5.2 billion in cash
LXP•Brookfield and CPP Investments agree to all-cash acquisition
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.
