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Kennedy-Wilson agreed to be acquired for $1.5B, taking it private with CEO-led group and Fairfax Financial.
Kennedy-Wilson has agreed to be acquired by a consortium led by CEO William McMorrow and Canadian insurer Fairfax Financial for $1.5 billion, or $10.90 per share in cash, a 10.2% premium over its previous closing price.
The deal, expected to close in the second quarter of 2026, will take the company private, with Fairfax gaining a majority economic interest and the CEO-led group retaining operational control.
The transaction follows claims that private ownership would reduce public company costs and enable long-term strategy focus.
Kennedy-Wilson shares rose 10.1% to $10.90 in premarket trading on February 17, 2026.
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Kennedy-Wilson acordó ser adquirida por $1.5 mil millones, haciéndola privada con el grupo liderado por el CEO y Fairfax Financial.