LXP shareholders approve Brookfield deal for Brookfield Asset Management stock

Published on 10/29/2026 at 10:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

More than 99 percent of LXP votes approved the deal on October 26, 2026. Brookfield Asset Management stock costs EUR 42.82 on October 29, 2026.

Deal approval and next dates

More than 99 percent of LXP votes supported Brookfield's acquisition on October 26, 2026.
The transaction is expected to close on November 2, 2026, subject to conditions.
Brookfield Asset Management stock traded at EUR 42.82 at 10:49 a.m. CEST on October 29, 2026.

BAM, CA1130041058, Illustration mit AI erstellt.

Brookfield Asset Management (ISIN CA1130041058) secured a key approval for its LXP Industrial Trust acquisition after more than 99 percent of votes cast supported the merger on October 26, 2026. The transaction is expected to close on November 2, 2026, subject to the satisfaction or waiver of closing conditions, according to GlobeNewswire.

Approval clears the next hurdle

The vote represented approximately 82 percent of LXP's outstanding common shares as of the record date. Brookfield Asset Management and Canada Pension Plan Investment Board are acquiring LXP, whose shareholders are set to receive USD 61.20 in cash for each common share under the merger agreement.

The approval changes the transaction from a scheduled vote into an authorized deal awaiting completion. LXP said its shares will no longer be listed on the New York Stock Exchange or any other public market once the acquisition closes, while the final voting results will be filed in its Form 10-Q for the quarter ended September 30, 2026.

What happens before November 2?

The next milestone is the expected November 2, 2026 closing date. The release still makes completion conditional, so shareholder approval is not the same as a completed acquisition. That distinction matters because the timetable remains dependent on the merger conditions being satisfied or waived.

Brookfield's next reporting date

Brookfield Asset Management separately announced that it will release third-quarter 2026 results before 7:00 a.m. ET on November 6, 2026, followed by a conference call at 10:00 a.m. ET, according to Brookfield Asset Management. The reporting date will provide the next operating update after the LXP approval.

Stock price in Berlin

Brookfield Asset Management stock was trading at EUR 42.82 at Lang & Schwarz on October 29, 2026 at 10:49 a.m. CEST. The company is listed on the New York Stock Exchange and the Toronto Stock Exchange under BAM, according to the company's release.

The further course of trading is shown by the continuously updated real-time quote of Brookfield Asset Management stock.