LXP Industrial Trust receives $16/share offer from Land & Buildings

Jan. 30, 2022 10:05 PM ETLXP Industrial Trust (LXP)By: Joshua Fineman, SA News Editor34 Comments

REITs (Real Estate Investment Trusts) on a blue LED screen framed by the text stock exchange in green.

Torsten Asmus/iStock via Getty Images

LXP Industrial Trust (NYSE:LXP) received a $16/share cash offer from activist investor Land & Buildings.

The $16/share offer represents am 11% premium to LXP’s most recent closing price of $14.41 and a 22% premium to the $13.12 unaffected price

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