Kennedy-Wilson Holdings Says Over Next 18 Months, Intends To Sell Non-Core Assets And Is Targeting A Total Of About $550M-$750M Of Cash To Co; In Addition, Subsequent To The Quarter Ended September 30, 2023, The Company Adopted A Cost Efficiency Plan
Portfolio Pulse from Benzinga Newsdesk
Kennedy-Wilson Holdings plans to sell non-core assets targeting $550M-$750M in cash over the next 18 months. Post Q3 2023, the company adopted a cost efficiency plan according to an SEC 8K filing.
December 06, 2023 | 9:25 pm
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Kennedy-Wilson Holdings aims to raise $550M-$750M through the sale of non-core assets and has initiated a cost efficiency plan to improve financials.
The announcement of selling non-core assets to raise substantial cash and the adoption of a cost efficiency plan are likely to be viewed positively by investors as steps towards financial optimization and improved profitability. This could lead to a short-term positive impact on KW's stock price.
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