Kennedy Wilson(US:KW) Globenewswire·2026-02-17 11:30Core Viewpoint - Kennedy-Wilson Holdings, Inc. is set to be acquired by a consortium led by its Chairman and CEO William McMorrow, along with Fairfax Financial Holdings, in an all-cash transaction valued at $10.90 per share, representing a 46% premium over the unaffected share price as of November 4, 2025 [1][2]. Transaction Details - The acquisition will involve the Consortium purchasing all outstanding common shares of Kennedy Wilson, excluding shares owned by Consortium members and affiliates [2]. - Fairfax has committed to provide up to $1.65 billion in funding to facilitate the transaction, which includes the cash purchase price and other necessary payments [3]. - The transaction is not contingent on financing conditions, ensuring that the acquisition can proceed as planned [3]. Board Approval - The Board of Directors of Kennedy Wilson unanimously approved the transaction based on the recommendation of a special committee of independent directors, which was formed in response to the Consortium's proposal [4]. Closing Conditions - The transaction is expected to close in the second quarter of 2026, pending customary closing conditions, including majority shareholder approval and necessary regulatory approvals [5]. Dividend Declaration - Kennedy Wilson's Board may declare up to two ordinary course quarterly dividends of $0.12 per share to common stockholders until the requisite approvals for the transaction are obtained [6]. Company Overview - Kennedy Wilson is a leading real estate investment company with $31 billion in assets under management across high-growth markets in the U.S., the UK, and Ireland [8]. - The company has closed over $60 billion in total transactions since going public in 2009, focusing on opportunistic equity and debt investments [9]. Fairfax Overview - Fairfax Financial Holdings is primarily engaged in property and casualty insurance and reinsurance, along with associated investment management [11].