Brookfield and CPP Investments to Acquire LXP Industrial Trust in $5.2B All-Cash Deal

Brookfield Asset Management and Canada Pension Plan Investment Board (CPP Investments) have entered into a definitive merger agreement to acquire LXP Industrial Trust in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity. LXP shareholders will receive $61.20 per share in cash, and the deal is expected to close in the fourth quarter of 2026, subject to customary approvals and conditions.