LXP Industrial Trust Shareholders Approve Acquisition by Brookfield and CPP Investments
Key Highlights
- ➤LXP shareholders approved Brookfield and CPP Investments’ acquisition with over 99% of votes cast
- ➤$61.20 cash consideration per LXP common share under the merger agreement
- ➤Transaction expected to close November 2, 2026, subject to closing conditions
- ➤LXP shares will be delisted from the NYSE and other public markets after closing
WEST PALM BEACH, Fla., Oct. 26, 2026 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) (“LXP” or “the Company”) today announced that its shareholders approved the acquisition of LXP by Brookfield Asset Management (NYSE: BAM, TSX: BAM) and Canada Pension Plan Investment Board at the Special Meeting of Shareholders held earlier today.
According to the results of the Special Meeting of Shareholders, more than 99% of votes cast at the meeting – which represented approximately 82% of the outstanding LXP common shares as of the record date – were voted in favor of approving the merger. The final voting results of the Special Meeting of Shareholders will be filed as part of LXP’s Form 10-Q for the quarter ended September 30, 2026 with the U.S. Securities and Exchange Commission (the “SEC”) after certification by LXP’s inspector of election.
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