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Announced

LXi REIT failed to acquire 18 stores in southern England from Sainsbury's for $531m.

Financials

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Transaction Value£465m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United Kingdom

Private

Single Bidder

Friendly

supermarket chain

Acquisition

Food Retailers and Wholesalers

Majority

Domestic

Failed

Synopsis

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LXi REIT, a real estate investment trust, failed to acquire 18 stores in southern England from Sainsbury's, a chain of supermarkets, for $531m. "LXi REIT has this morning announced that given current stock market volatility it is not proceeding with the share issue that would have part-funded the transaction. Hence we are no longer in discussions to sell these stores to LXi REIT," Sainsbury's

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