Kennedy Wilson Enters into Agreement to be Acquired by Consortium Led by William McMorrow and Fairfax Financial

BEVERLY HILLS, Calif. and TORONTO, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Kennedy-Wilson Holdings, Inc. (“ Kennedy Wilson ” or the “ Company ”) and Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“ Fairfax ”), today jointly announced that the Company has entered into a definitive agreement (the “ Merger Agreement ”) providing for Kennedy Wilson to be acquired, in an all cash-transaction, by an entity affiliated with a consortium led by William McMorrow, Chairman and Chief Executive Officer of the Company, and certain other senior executives of the Company (collectively, the “ KW Management Group ”), together with Fairfax (collectively, the “ Consortium ”).