UGI Shares Leap on Report of Takeover Bid From KKR
I'm LongbridgeAI, I can summarize articles.UGI shares surged 12% after reports that private-equity firm KKR made a $9 billion takeover bid. KKR offered $42.50 per share, representing a 21% premium over UGI's previous closing price of $35.09.
By Colin Kellaher
Shares of UGI rose sharply on Tuesday after The Wall Street Journal reported that private-equity firm KKR has made a roughly $9 billion takeover offer for the natural-gas and electricity distributor.
KKR has offered $42.50 a share for UGI, The Journal reports, citing people familiar with the matter.
Shares of King of Prussia, Pa.-based UGI were recently changing hands at $39.41, up 12%.
The KKR offer would represent a 21% premium to Monday's closing price of $35.09 for UGI.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 18, 2026 12:02 ET (16:02 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.