LXP Industrial Trust shareholders have overwhelmingly approved the acquisition of the company by Brookfield Asset Management and Canada Pension Plan Investment Board. Over 99% of votes cast, representing about 82% of outstanding shares, supported the merger. Under the agreement, shareholders will receive $61.20 in cash per share. The transaction is expected to close on November 2, 2026, after which LXP will be delisted from the New York Stock Exchange.
As of Oct 27, 2026 03:31 WIB, Brookfield Asset Management Inc Class A shares trade at USD 47.00 on Pluang, showing a slight 0.06% decline in the past day. The company holds a market capitalization of $75.14 billion and offers a dividend yield of 4.27%. This trading context complements the recent news of Brookfield's acquisition of LXP Industrial Trust, highlighting Brookfield's significant market presence.
