Kennedy-Wilson Holdings, Inc. has announced an amendment to its previously disclosed merger agreement with Kona Bidco, LLC. The amendment, dated March 15, 2026, modifies the original agreement made on February 16, 2026, which involves the merger of Kennedy-Wilson with a subsidiary of Kona Bidco. This amendment introduces a new requirement for the completion of the merger, stipulating that at least two-thirds of the outstanding voting power of the company's common stock and preferred stock must approve the merger agreement. This change is in accordance with Section 203(a)(3) of the Delaware General Corporation Law. The amendment aims to ensure that the merger is supported by a significant majority of shareholders, excluding certain affiliated stockholders from the vote. The full text of the amendment is available as an exhibit in the 8-K filing, providing further details on the terms and conditions of the merger. This development is expected to have a small positive effect on the stock price as it reflects a structured approach to shareholder approval, enhancing governance and compliance measures.

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