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Kennedy-Wilson Holdings, Kennedy Wilson Europe merger becomes unconditional

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Kennedy-Wilson Holdings, Kennedy Wilson Europe merger becomes unconditional

Kennedy-Wilson Holdings Inc.'s acquisition of Kennedy Wilson Europe Real Estate was authorized by the Royal Court of Jersey on Oct. 18.

The deal has become fully unconditional following the approval and is expected to become effective Oct. 20, the date on which the court order is expected to be delivered to the Registrar of Companies in Jersey for registration.

In a separate filing, Kennedy Wilson Europe said the scheme record time will be 6:00 p.m. London time, Oct. 19, following which no transfers of the company's shares will be registered.

The company has applied for suspension of the listing of its shares on the UK Listing Authority's Official List and the trading in the company's shares on the London Stock Exchange's main market. Both suspensions are expected to take effect from 7:30 a.m. London time, Oct. 20.

Cancellation of the shares on the premium listing segment of the Official List and the cancellation of admission to trading of the shares on the London bourse's main market are scheduled from 8:00 a.m. London time, Oct. 23.