LXP Industrial gains on $5.2 billion takeover by Brookfield, CPP Investments
LXP•LXP Industrial rises after agreed takeover
Shares of LXP Industrial Trust LXP.N rose about 4% to $60.7 in premarket trading after the company agreed to be acquired by Brookfield Asset Management and the Canada Pension Plan Investment Board for about $5.2 billion in cash.
The deal is expected to close in the fourth quarter of 2026.
The median price target of nine brokerages covering the stock is $57.5, according to data compiled by LSEG.
As of the last close, the stock was up about 18% year to date.
