Brookfield Asset Management and CPPIB complete $5.2 billion acquisition of LXP Industrial Trust
Brookfield Asset Management and the Canada Pension Plan Investment Board closed an all‑cash purchase of LXP Industrial Trust for $5.2 billion. LXP shareholders received $61.20 per share in cash and the 107 U.S. industrial properties will be added to Brookfield’s global logistics platform. The transaction makes LXP a privately held entity and it is no longer listed on the NYSE.
Why it matters
The deal expands Brookfield’s logistics footprint in the United States, which could enhance earnings growth for the firm. LXP shareholders were paid cash, and the delisting removes a publicly traded asset from the market, affecting supply of shares for BAM.
Key facts
- 1The acquisition price was $5.2 billion in cash. tradingview.com
- 2LXP shareholders received $61.20 per share in cash. winnipegfreepress.com
- 3LXP owned 107 U.S. industrial properties. theglobeandmail.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.