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NAPLES – Kennedy-Wilson Inc., a vertically-integrated real estate investment and services company headquartered in Beverly Hills, Calif., and Prospect Acquisition Corp., a special purpose acquisition company with approximately $248 million of cash, recently announced that they have signed a definitive agreement under which they plan to combine.
The proceeds of the transaction will enable Kennedy Wilson to seek to capitalize on distressed real estate acquisition opportunities and to fund the growth of its auction and property management businesses.
