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Kennedy Wilson Europe, Kennedy-Wilson Holdings merger nears completion

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Kennedy Wilson Europe, Kennedy-Wilson Holdings merger nears completion

Kennedy Wilson Europe Real Estate's scheme shareholders approved the takeover of the company by Kennedy-Wilson Holdings Inc. in a scheme court meeting held Oct. 10.

Shareholders also approved implementation of the merger in a general meeting held the same day.

Kennedy-Wilson Holdings will hold a special stockholder meeting to vote on the issuance of shares of its common stock in connection with the merger on Oct. 12. The merger is also dependent upon court approval, with a scheme court sanction hearing scheduled for Oct. 18.