Kennedy Wilson To Sell 8M Shares

LOS ANGELES-Kennedy Wilson plans to sell 8 million share of its common stock in an underwritten public offering with plans to use proceeds for future acquisition opportunities.

By Kelsi Maree Borland | Updated on January 08, 2014

LOS ANGELES-Real estate investment and services firm Kennedy Wilson Holdings plans to sell 8 million shares of common stock in an underwritten public offering. The shares will be priced at $21.45. Deutsche Bank Securities is the sole underwriter, and has been given a 30-day option to purchase up to 1.2 million shares, which, if used, would value the offering at $197 million.

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