LXP Industrial Trust Shareholders Approve Acquisition by Brookfield, CPPIB

05:22 PM EDT, 10/26/2026 (MT Newswires) -- LXP Industrial Trust (LXP) said late Monday its shareholders approved a buyout by Brookfield Asset Management (BAM) and the Canada Pension Plan Investment Board at a special meeting. More than 99% of votes cast favored the transaction, representing about 82% of LXP's total outstanding common shares. Under the July 20 agreement, LXP common shareholders will receive $61.20 per share in cash. The deal is expected to close on Nov. 2, pending customary closing conditions.