LXP Industrial Trust to be acquired by Leopard REIT LLC for $61.20 per share in cash

LXP Industrial Trust

Common shareholders receive $61.20 per share in cash; Series C preferred converted into one Surviving Entity Series C Preferred Unit.
Go-shop period until August 28, 2026; termination fee of $54.1M for superior proposal with Excluded Party, $108.2M otherwise.
Parent termination fee of $288.7M if Parent fails to close after conditions satisfied; no financing condition for closing.
Closing requires shareholder approval and regulatory consents; board unanimously approved and recommends the merger.
Company also amended bylaws to designate exclusive forum for certain claims, including Maryland state and federal courts.

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