05:45 AM EST, 11/05/2025 (MT Newswires) -- Kennedy-Wilson (KW) said late Tuesday it has received a proposal from Chief Executive Officer, William McMorrow, and Fairfax Financial Holdings to acquire all outstanding shares of the company not already owned by the group for $10.25 per share in cash.

The company said its board has formed a special committee to review and evaluate the proposal, adding that there is no assurance a definitive agreement will be reached or that any transaction will be completed.

Shares of the company were up 24% in Wednesday's premarket activity.