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Kennedy Wilson Launching Stock Buyback

BEVERLY HILLS-The locally based real estate investment fund management and real estate services firm says it will buy back up to 500,000 shares of the company's stock, about 5% of outstanding shares.

By Brian K. Miller | Updated on October 03, 2002

BEVERLY HILLS-Kennedy Wilson, Inc. says it has it has initiated a stock buyback program in which it will repurchase up to 500,000 shares, which translates to 5% of the company’s outstanding shares.

The international real estate investment management and real estate services firm made the announcement Thursday morning. In mid-morning trading Thursday, company shares stood at $4.45, unchanged on the day. The share price is in the middle of its 52-week low of $3.41, achieved in November 2001, and its 52-week high of $6.33, achieved in late February of this year.

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