Brookfield, CPP Investments Close $5.2 Billion LXP Acquisition
The all-cash deal is complete, and LXP shares have stopped trading on the New York Stock Exchange.
Key takeaways
- Brookfield and CPP Investments completed their all-cash acquisition of LXP Industrial Trust.
- The deal values LXP at about $5.2 billion, including net debt and preferred equity.
Brookfield Asset Management and CPP Investments have completed their all-cash acquisition of LXP Industrial Trust, in a deal valued at about $5.2 billion, including net debt and preferred equity.
LXP shareholders received $61.20 per share in cash under the agreement. LXP shares no longer trade on the New York Stock Exchange, and the company is now privately held.
LXP’s portfolio includes 107 industrial properties spanning about 52 million square feet in Sunbelt and Midwest markets. Brookfield said the assets will be integrated into its global logistics platform.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
