InsideArbitrage Event Driven Monitor – July 21, 2026

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Merger Arbitrage

1. LXP: The acquisition of LXP Industrial Trust (LXP) by Brookfield Asset Management (BAM) and Canada Pension Plan Investment Board for a closing value of $5.2 billion. LXP shareholders will receive $61.2 per share in cash, representing a premium of 4.6% from the stock’s last close. (Press Release)
2. PSNL: The acquisition of Personalis, Inc. (PSNL) by Tempus AI, Inc. (TEM) for a closing value of $1.5 billion. Personalis shareholders will receive consideration of $16.25 per share of common stock, representing a premium of 5.59% from the stock’s last close. Personalis shareholders will receive a floating exchange ratio of Tempus AI common stock at closing, subject to a maximum exchange ratio of 0.3356. (Press Release)
3. LCII: LCI Industries (LCII) announced the appointment of Robert Hureau to the Board as an additional independent director. Hureau will serve on the Audit Committee, the Risk Committee, and the Compensation and Human Capital Committee.

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