LXP Industrial gains on $5.2 billion takeover by Brookfield, CPP Investments

Marriott International

20/07/2026 12:24

** Shares of LXP Industrial Trust LXP.N rise ~4% to $60.7 premarket 
** The company agrees to be acquired by Brookfield Asset Management and 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 PT of nine brokerages covering the stock is $57.5 - data compiled by LSEG
** As of last close, stock up ~18% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))