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KENNEDY-WILSON INC. AND HUDSON & MARSHALL ANNOUNCE MERGER

 SANTA MONICA, Calif., Oct. 15 /PRNewswire/ -- Kennedy-Wilson Inc. (NASDAQ-NMS: KWIC) and Hudson & Marshall announced today that they have reached an agreement in principle whereby Kennedy-Wilson will acquire certain assets of Hudson & Marshall and merge operations. The agreement is subject to approval by Kennedy-Wilson's board of directors at its regularly scheduled meeting on Oct. 18, 1993, and completion of certain due diligence. Details of the terms were not announced.
 -0- 10/15/93
 /CONTACT: Randall G. Dotemoto, 310-314-8432/
 (KWIC)


CO: Kennedy-Wilson Inc.; Hudson & Marshall ST: California IN: FIN SU: TNM

JL-EH -- LA026 -- 2890 10/15/93 16:09 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
Words:98
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