Kennedy-Wilson Holdings (KW) will be removed from the S&P SmallCap 600 index before the market opens on June 16. First Advantage Corp. (FA) will replace the company in the index.
The removal follows shareholder approval of an acquisition by a consortium led by the company's CEO and Fairfax Financial Holdings. Shareholders approved the merger agreement during a special meeting on June 10.
The transaction is expected to reach finalization around June 16.