LXP Industrial Trust shareholders back Brookfield acquisition at $61.20

LXP Industrial Trust (NYSE: LXP) announced that its shareholders approved the company's acquisition by Brookfield Asset Management (NYSE: BAM, TSX: BAM) and Canada Pension Plan Investment Board at a Special Meeting of Shareholders held Oct. 26, 2026.

More than 99% of votes cast at the meeting — representing approximately 82% of outstanding LXP common shares as of the record date — were voted in favor of the merger. Final voting results will be filed as part of LXP's Form 10-Q for the quarter ended Sept. 30, 2026, with the U.S. Securities and Exchange Commission following certification by LXP's inspector of election.

Under the terms of the merger agreement, first announced July 20, 2026, common shareholders will receive $61.20 in cash per LXP common share. The transaction is expected to close Nov. 2, 2026, subject to the satisfaction or waiver of closing conditions outlined in the merger agreement. Upon closing, LXP's shares will be delisted from the New York Stock Exchange and will no longer trade on any public market.

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