Kennedy Wilson Holdings and Fairfax Financial Holdings announced a definitive merger agreement under which Kennedy Wilson will be acquired in an all-cash transaction by a consortium led by chairman and CEO William McMorrow, along with senior executives and Fairfax.
Under the terms of the merger agreement, the consortium will acquire all outstanding common shares of Kennedy Wilson, other than shares held by consortium members and their affiliates, for $10.90 per share in cash. The purchase price represents a 46 percent premium to Kennedy Wilson’s unaffected share price as of Nov. 4, 2025, the last trading day before the company disclosed a proposal from the consortium to acquire the company.
Each consortium member has entered into a voting and support agreement and agreed to vote in favor of the transaction in accordance with its terms.
Concurrent with the merger agreement, Fairfax entered into a commitment letter to provide up to approximately $1.65 billion of
