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POTENTIAL DEAL DETAILS
| Stock | LXP Industrial Trust | Symbol | LXP |
| Date Announced | 01/30/2022 | Source | Press release |
| Type | Unsolicited Bid | Acquiring Company/Person | Land & Buildings Investment Management, LLC |
LXP Industrial Trust (LXP), a real estate investment trust focused on single-tenant warehouse and distribution real estate investments, announced that it received a letter from Land & Buildings Investment Management, LLC on Friday, January 28, 2022. Land & Buildings Investment Management, LLC sets forth its willingness to offer to acquire LXP Industrial Trust (LXP), through an appropriate acquisition entity by merger or otherwise, at a price equal to $16.00 per share in cash.
Update(s):
February 8, 2022: LXP Industrial Trust (LXP), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, announced that its Board of Trustees has initiated a review of the Company’s strategic alternatives.
April 8, 2022: LXP Industrial Trust (LXP), a real estate investment trust (REIT) focused on single-tenant warehouse/distribution real estate investments, announced that its Board of Trustees has unanimously determined to suspend the Company’s previously announced evaluation of strategic alternatives.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.