Land & Buildings, an investment manager, offered to acquire LXP Industrial Trust, a real estate investment trust, for $4.5bn. "Our interest in acquiring LXP is based on publicly available information. If as a result of our due diligence we find evidence of additional value inherent in the Company based on operating results, synergies or otherwise, we would be willing to upwardly adjust the offer price to reflect such additional value. We invite you to share with us any documentation in your possession which you believe reflects additional value in the shares that you believe may not already be known to us," Jonathan Litt, Land & Buildings Founder and CIO.