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Kennedy Wilson Announces Completion of Take-Private Transaction With Fairfax
Kennedy Wilson (NYSE: KW) completed its previously announced take-private transaction with Fairfax Financial, Chairman and CEO William McMorrow, and other senior executives.Stockholders outside the new ownership group will receive $10.90 per share in cash. Fairfax now holds a majority economic interest, while the KW Management Group retains effective and operational control. Kennedy Wilson’s common stock has ceased trading on the New York Stock Exchange.