Nov. 5 at 1:44 PM
Kennedy-Wilson Holdings Inc. shares rose after receiving a buyout proposal from a consortium led by CEO William J. McMorrow and Fairfax Financial Holdings Limited.
The group offered to acquire all outstanding shares not currently owned for
$10.25 per share in cash, a 38% premium over Kennedy-Wilson's November 3, 2025 closing price of
$7.47. The stock surged to
$9.48 in pre-market trading after the announcement.
The consortium, which includes certain executives, currently holds about 31% of Kennedy-Wilson's outstanding shares on a fully converted basis. In their November 4, 2025 proposal letter, the group stated that the transaction could be fully funded with available liquidity, and the offer is not contingent on financing.
"We believe our proposal to acquire all outstanding shares of the Company not owned by Consortium members or affiliates at
$10.25 per share in cash is in the best interest of the Company and its unaffiliated shareholders," the consortium said in its letter.
$KW