BUZZ-Kennedy Wilson climbs after agreeing to $1.5 billion go-private deal
Reuters
Feb 17
BUZZ-Kennedy Wilson climbs after agreeing to $1.5 billion go-private deal
** Shares of real estate investment firm Kennedy-Wilson KW.N up 9.4% at $10.82 premarket
** Co to be taken private for $1.5 bln by consortium led by CEO William McMorrow and Fairfax Financial FFH.TO
** Co said the consortium would acquire all outstanding shares it does not already own for $10.90 apiece in cash, a 10.2% premium to the stock’s last close
** Co says the deal is expected to close in the second quarter of 2026
** As of last close, KW stock up 2.3% YTD after falling 3.2% in 2025
(Reporting by Tharuniyaa Lakshmi in Bengaluru)
((tharuniyaa@thomsonreuters.com))
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