M&A Update – July 20

– LXP to be acquired by Brookfield Asset Management / Canada Pension Plan Investment Board for $61.20 cash per share, 4.6% premium, $5.2 billion
– PSNL to be acquired by TEM at a maximum exchange ratio of 0.3356x, 14.4% premium, $1.5 billion
– GORO / GGA deal closed
– TMHC / BRK/B filed delisting notice, closing July 24
– TXNM / Blackstone Infrastructure extended outside date to Mar 31 2027, unwinding the voided 2025 stock transaction, closing H1 2027
– AFBI / Fidelity BancShares received all required regulatory approvals, closing Q3 2026
– ALOT / Arcline Investment Management filed PREM14a, filed HSR July 1