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via finance.yahoo.comCapital Markets

LXP Industrial Trust shareholders approve acquisition by Brookfield and CPP Investments

FROM THE WIRE · FINANCE.YAHOO.COM

LXP Industrial Trust 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…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishShareholder approval of a REIT acquisition by large institutional investors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01More than 99% of votes cast were in favor of the merger.
  2. 02The votes represented about 82% of outstanding shares at the record date.
  3. 03The acquirer is Brookfield Asset Management together with Canada Pension Plan Investment Board.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
LXP Industrial TrustLXPStock61.11 USDMarket closedtoday +0.02%Positive Brookfield Asset Management Ltd.BAMStock47.04 USDMarket closedtoday +0.02%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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