Kennedy-Wilson agrees to go private for $1.5 billion from CEO-led consortium
Feb 17 (Reuters) - Real estate investment firm Kennedy-Wilson KW.N said on Tuesday it will be acquired by a consortium led by its CEO William McMorrow and Fairfax Financial FFH.TO for about $1.5 billion.
The consortium will acquire all remaining shares for $10.90 each in cash, a sweetened offer from the previous $10.25 in November, representing a 10.2% premium to the stock's last close.
Kennedy-Wilson shares rose 10.1% to $10.9 in premarket trading.
In November, the consortium said that private ownership would reduce the cost and administrative burden of being publicly listed, allowing management to focus on its strategy.
Once the deal closes, anticipated in the second quarter of 2026, Canadian billionaire Prem Watsa's Fairfax will have a majority economic interest in Kennedy-Wilson, while the CEO-led KW Management Group will retain operational control.
Latham & Watkins and Ropes & Gray are serving as legal advisors to Kennedy-Wilson for the transaction.
Related Articles
The Magnificent Seven: What They Are, How They Performed in 2025, and Which Will Be the Best in 2026?
TradingKey - The Magnificent Seven refers to the seven best tech stocks in 2023. These are Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG) (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (META), and Tesla (TSLA). These technology titans are developing products related to Artificial Intelligenc
Bitcoin Price Prediction 2029-2035: Institutional Accumulation and the U.S. Treasury’s Strategic Reserve Pivot
Explore the 2026 Bitcoin landscape: From the U.S. Strategic Reserve and Michael Saylor’s $75B war chest to Cathie Wood’s 2030 forecast. Is BTC the new Digital Gold?
This $1 Trillion AI Stock Is Getting Ready for 2026: Is Meta a Good Buy?
When ads and commerce are factored in, Meta is building a long-term platform—in Augmented Reality and smart glasses — to get us closer to the future of AI. This device hardware business is less profitable than ads right now, but it could grow the company’s ecosystem and open up new ways for it to ma
Is SaaS Dead? The Truth Behind the Software Meltdown, the Missing Floor, and the Peak That’s Not Coming Back
TradingKey - A trillion dollars just vanished from software stocks—this piece breaks down who AI is really killing, who quietly benefits, and why cheap SaaS may be the biggest value trap of this cycle.
