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Kennedy-Wilson to buy back up to $250M of common stock

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Kennedy-Wilson to buy back up to $250M of common stock

Kennedy-Wilson Holdings Inc.'s board approved a share repurchase program for up to $250.0 million of the real estate investment company's common stock, with the program expected to be completed within the next 18 months.

The company plans to finance the repurchase program mainly with proceeds generated from future disposals of noncore assets.