Brookfield, CPP Investments close $5.2B LXP acquisition at $61.20/share; LXP delisted from NYSE
LXP Industrial Trust
LXP shareholders received $61.20 per common share in cash; transaction valued LXP at ~$5.2B including net debt and preferred equity.
Each 6.50% Series C preferred share converted into a Series C Preferred Unit, then redeemed at $50.00 plus $1.1014 accrued dividends.
LXP portfolio: 107 industrial properties, ~52M sq ft in Sunbelt and Midwest; to be folded into Brookfield's 255M+ sq ft global logistics platform.
All restricted share awards vested at maximum performance and were cashed out at the $61.20 merger consideration; all LXP trustees and officers resigned.
LXP paid 2026 tax-year distributions of $2.10/common share and $2.4375/Series C share, 100% long-term capital gain dividends.
(ii) Gautam Huded, Frank Costanzo, and Priyanka Taneja, the directors of Merger Sub immediately prior to the Effective Time, became the managers of the Surviving Entity.
(ii) Gautam Huded, Frank Costanzo, and Priyanka Taneja, the directors of Merger Sub immediately prior to the Effective Time, became the managers of the Surviving Entity.
(ii) Gautam Huded, Frank Costanzo, and Priyanka Taneja, the directors of Merger Sub immediately prior to the Effective Time, became the managers of the Surviving Entity.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.85
Gautam Huded was appointed as Manager of the Surviving Entity at LXP Industrial Trust.
Action
became the managers of the Surviving Entity
Role
Manager of the Surviving Entity
Exact text from the filing
(ii) Gautam Huded, Frank Costanzo, and Priyanka Taneja, the directors of Merger Sub immediately prior to the Effective Time, became the managers of the Surviving Entity.
Frank Costanzo was appointed as Manager of the Surviving Entity at LXP Industrial Trust.
Action
became the managers of the Surviving Entity
Role
Manager of the Surviving Entity
Exact text from the filing
(ii) Gautam Huded, Frank Costanzo, and Priyanka Taneja, the directors of Merger Sub immediately prior to the Effective Time, became the managers of the Surviving Entity.
Priyanka Taneja was appointed as Manager of the Surviving Entity at LXP Industrial Trust.
Action
became the managers of the Surviving Entity
Role
Manager of the Surviving Entity
Exact text from the filing
(ii) Gautam Huded, Frank Costanzo, and Priyanka Taneja, the directors of Merger Sub immediately prior to the Effective Time, became the managers of the Surviving Entity.
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