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Fairfax Announces Completion of Kennedy Wilson Take-Private Transaction

Benzinga·
Fairfax Announces Completion of Kennedy Wilson Take-Private Transaction

Fairfax Financial Holdings Limited has completed its acquisition of Kennedy Wilson Holdings, Inc. for US$10.90 per share in cash. The deal was structured as a consortium-led take-private transaction with William McMorrow and other senior Kennedy Wilson executives retaining operational control while Fairfax holds the majority economic interest. A US$1.3 billion term loan facility was also secured to support the transaction.

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