Beverly Hills-based real estate investment firm Kennedy Wilson plans to go private in a $1.7 billion deal led by Fairfax Financial Holdings Limited senior management. The all-cash deal is expected to give Toronto-based Fairfax Financial a majority interest in the publicly traded firm, CRE Connect reported. Kennedy Wilson CEO William McMorrow and senior executives are expected to remain in charge of operations under the ownership of Canadian billionaire Prem Watsa, Reuters reported. Watsa is known as the “Canadian Warren Buffett” for his varied investments through Fairfax Financial. The deal calls for a price of $10.90 per share of Kennedy Wilson […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico