LXP Industrial Trust Shareholders Approve Acquisition by Brookfield and CPP Investments
LXP Industrial Trust shareholders approved the company's acquisition by Brookfield Asset Management and Canada Pension Plan Investment Board, with more than 99% of votes cast in favor, representing roughly 82% of outstanding shares. Under the July 20, 2026 merger agreement, LXP holders will receive $61.20 in cash per share, with closing expected on November 2, 2026, after which LXP shares will be delisted from the NYSE.
Key figures
- Deal Value Usd
- $61.20 per share in cash
- Votes in favor
- more than 99% of votes cast
- Expected closing
- 2026-11-02
- Merger agreement announced
- 2026-07-20
- Votes as pct of outstanding
- approximately 82%
AI analysis
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