Morningstar

Kennedy-Wilson Gets Acquisition Proposal From CEO, Fairfax Financial

Provided by Dow Jones Nov 4, 2025, 11:10:00 PM

By Katherine Hamilton

Kennedy-Wilson received an acquisition proposal from its chief executive and the Canadian insurance company Fairfax Financial.

Fairfax and William McMorrow, who is both CEO and chair, have offered to buy the real estate company for $10.25 a share in cash, a 37% premium to Tuesday's closing price of $7.47, which values the company around $1.5 billion.

The stock rose 27% to $9.49 after hours, shares had fallen 25% this year through Tuesday's close.

Kennedy-Wilson's board has formed a special committee to evaluate the proposal, the company said.

Together, Fairfax and McMorrow already own 31% of Kennedy-Wilson's shares.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

November 04, 2025 18:10 ET (23:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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