INDUS Realty Trust stock soars after getting $65/share proposal from Centerbridge

INDUS Realty Trust (NASDAQ:INDT) stock surged 10% to $63.00 in Monday premarket trading after Centerbridge Partners and GIC Real Estate proposed to acquire the industrial REIT for $65.00 per share.
The price in the unsolicited, non-binding proposal represents a 13% premium to INDUS stock's closing price of $57.28 on Friday. The company's board said it will review the proposal "to determine the best path forward" that "maximized value for all of the company's shareholders."
In addition, the board "remains confident in the company's performance, strategy, and growth prospects," it said.
When contacted by Seeking Alpha, Centerbridge, which holds a 14.8% stake in INDT, declined to elaborate on its reasons for making the proposal. (Updated at 9:47 AM ET)
In September, GIC and Blue Owl's Oak Street agreed to acquire net-lease REIT Store Capital (STOR) for $14B in cash.
See why SA contributor Austin Rogers in September considered the stock to be overvalued.