Shareholder Alert: Ademi LLP investigates whether LXP Industrial Trust is obtaining a Fair Price for Public Shareholders

Ademi LLP is investigating LXP (NYSE: LXP ) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Brookfield and CPP Investments. LXP shareholders will receive $61.20 per share in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity. LXP insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for LXP by imposing a significant penalty if LXP accepts a competing bid. We are investigating the conduct of the LXP board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.