Kennedy-Wilson Holdings, Inc. announced that its stockholders have approved the previously disclosed merger agreement with Kona Bidco, LLC. The approval was granted during a special meeting of stockholders held on June 10, 2026, paving the way for the transaction to be finalized.
Key Details
- Event: Stockholders voted to adopt the Agreement and Plan of Merger, under which Kennedy-Wilson will be acquired and become a subsidiary of Kona Bidco, LLC.
- Vote Outcome: The merger proposal received the required approval from both a majority of total voting stock and over two-thirds of disinterested stockholders.
- Expected Closing Date: The transaction is anticipated to close on or about June 16, 2026, subject to the satisfaction of customary closing conditions.
- Dividend Payment: A dividend of $0.12 per share for common stockholders of record as of June 11, 2026, is expected to be paid upon the closing of the merger.