Major Shareholder Group Waives Preferred Stock Redemption Notice, Facilitating Merger Agreement
KW sits 82% above its 52-week low of $5.98 on elevated volume (3.2× avg).
Summary
A major shareholder group, including Eldridge Industries and Todd L. Boehly, has waived the advance notice for preferred stock redemption, streamlining the company's recently announced merger.
Key Events · M&A and Partnerships · KW
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Waiver of Preferred Stock Redemption Notice
Eldridge Industries, Todd L. Boehly, and affiliated entities (Security Benefit Life Insurance Company and Dust Bowl Capital, LLC) have agreed to waive the 30-60 day advance notice requirement for the redemption of Series A Preferred Stock. This allows Kennedy-Wilson to redeem the preferred stock at any time prior to the merger's consummation.
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Facilitates Announced Merger
This waiver is directly in connection with the definitive merger agreement announced on February 17, 2026, where Kennedy-Wilson Holdings, Inc. is to be acquired for $10.90 per share in cash. The waiver removes a procedural step, indicating strong shareholder support for the transaction.
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Significant Beneficial Ownership
The reporting persons collectively hold a substantial stake, with Todd L. Boehly beneficially owning 8.2% of common stock, and Eldridge Industries and Security Benefit Life Insurance Company each holding 8.1%.
Analysis · KW · Real Estate & Construction
This amended Schedule 13D/A reveals that Eldridge Industries, Todd L. Boehly, and affiliated entities, a significant shareholder group, have executed a Waiver and Acknowledgment Agreement. This agreement waives the standard 30-60 day advance notice period for the redemption of Series A Preferred Stock, directly facilitating the previously announced merger of Kennedy-Wilson Holdings, Inc. This action removes a potential procedural hurdle, signaling strong support from a key investor group for the acquisition. The company's stock is currently trading near its 52-week high, aligning with the announced merger price of $10.90 per share. This filing follows the definitive merger agreement disclosed on February 17, 2026, and indicates progress towards its completion.
How filings like this one have moved
In the 30 days to Sep 18, 2026, 40.2% of the 371 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KW was trading at $10.86 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $5.98 to $10.95. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.