KKR Makes $9B Takeover Bid for UGI at $42.50 a Share
KKR made a $9 billion takeover bid for UGI valuing the company at $42.50 per share, a 21.1% premium to UGI’s Monday close. UGI shares jumped more than 11%, while KKR stock fell about 1.3%. UGI did not comment, and KKR declined comment. The U.S. energy market is shifting as electricity demand from AI data centers grows.