An all-cash acquisition is a deal in which the buyer pays the sellers entirely in cash for their shares or assets instead of offering stock or other securities. For investors this matters because it gives selling shareholders a clear, immediate payout like cashing a check, while buyers use their cash or borrow to fund the purchase — which can change the buyer’s financial strength, future earnings potential and risk profile much like one household using savings or a loan to buy another home.
agreement and plan of mergerregulatory
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
assets under managementfinancial
Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.
forward-looking statementsregulatory
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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BEVERLY HILLS, Calif.--(BUSINESS WIRE)--
Kennedy-Wilson Holdings, Inc. (“Kennedy Wilson” or the “Company”), a global real estate investment company, today announced the successful closing of the previously announced all-cash acquisition of Kennedy Wilson by Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”), William McMorrow, Chairman and CEO of Kennedy Wilson, and certain other senior executives of Kennedy Wilson (collectively with Mr. McMorrow, the “KW Management Group”) pursuant to the terms of the Agreement and Plan of Merger, dated as of February 16, 2026 (as amended, the “Merger Agreement”).
The transaction was approved by Kennedy Wilson stockholders in a special meeting held on Wednesday, June 10. Under the terms of the Merger Agreement, holders of Kennedy Wilson common stock outside of the new ownership group will receive $10.90 per share in cash. The KW Management Group maintains effective and operational control of Kennedy Wilson and its subsidiaries, and Fairfax now has a majority of the economic interest in the Company.
With the completion of the transaction, the Company’s common stock has ceased trading on the New York Stock Exchange.
About Kennedy Wilson
Kennedy Wilson (NYSE: KW) is a leading real estate investment company with $36 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, its relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $60 billion in total transactions across the property spectrum over the past 17 years. Kennedy Wilson owns, operates, and builds real estate within its high-quality, core real estate portfolio and through its investment management platform, where the company targets opportunistic equity and debt investments alongside partners. For further information, please visit www.kennedywilson.com.
KW-IR
Special Note Regarding Forward-Looking Statements
Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management’s current expectations, are based on our current estimates, expectations, forecasts, projections and assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results, performance or achievement, or industry results, may differ materially and adversely from the results, performance or achievement, or industry results, expressed or implied by these forward-looking statements, including for reasons that are beyond our control. Some of the forward-looking statements may be identified by words like “believes”, “expects”, “anticipates”, “estimates”, “plans”, “intends”, “projects”, “indicates”, “could”, “may” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. We assume no duty to update the forward-looking statements, except as may be required by law.
