Kennedy Wilson Holdings, Inc. and Fairfax Financial Holdings Limited have announced a definitive agreement for Kennedy Wilson to be acquired by a consortium led by William McMorrow for $10.90 per share in cash, representing a 46% premium. Fairfax will provide funding up to $1.65 billion for the transaction, expected to close in the second quarter of 2026. The Board of Directors approved the deal, subject to shareholder and regulatory approvals. Kennedy Wilson will cease trading on the NYSE post-transaction.

The proposed merger between Kennedy Wilson and a consortium led by William McMorrow, with funding from Fairfax, will result in Kennedy Wilson being acquired for $10.90 per share in cash. The deal, subject to shareholder and regulatory approvals, is expected to close in the second quarter of 2026. Upon completion, Kennedy Wilson’s common shares will no longer trade on the NYSE. Advisors include Moelis & Company LLC, Cravath, Swaine & Moore LLP, BofA Securities, Inc., J.P. Morgan Securities LLC, and more.

Kennedy Wilson is a real estate investment company with $31 billion of assets under management in high-growth markets. Due to the pending merger, Kennedy Wilson will not host an earnings call for the fourth quarter of 2025. Fairfax Financial Holdings Limited, primarily engaged in property and casualty insurance and reinsurance, is providing funding for the acquisition. Shareholders are urged to review relevant documents for information on the proposed transaction.

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