KENNEDY-WILSON HOLDINGS, INC. (NYSE:KW) Files An 8-K Other EventsITEM 8.01OTHER EVENTS.
On March 20, 2018 (the “Authorization Date”), the Company’s Board of Directors authorized the repurchase of up to $250 million of the Company’s common stock (the “Repurchase Program”). Since the Authorization Date through April 3, the Company has repurchased a total of 6,600,254 shares (through open market purchases and a privately negotiated transaction) at a weighted average price of $17.49 per share totaling $115.4 million. The Repurchase Program does not obligate the Company to repurchase any specific number of shares and, subject to compliance with applicable laws, may be suspended or terminated at any time without prior notice.
About KENNEDY-WILSON HOLDINGS, INC. (NYSE:KW)
Kennedy-Wilson Holdings, Inc. is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients. The Company operates in two business segments: KW Investments and KW Services. KW Investments invests its capital in real estate-related assets. KW Services provides an array of real estate-related services to the Company and its investment partners, third-party owners, and lenders, with a focus on financial institution based clients. KW Services has five main lines of business: investment management, property services, research, brokerage, and auction and conventional sales. The Company has an ownership interest in approximately 39 million square feet of property globally, including over 24,370 multifamily rental units.