KKR's $9B Unsolicited Bid for UGI Values Shares at $42.50, a 20% Premium
UGI sits 23% above its 52-week low of $31.62 on elevated volume (7.5× avg).
Summary
KKR has made an unsolicited $9 billion takeover bid for UGI, offering $42.50 per share — a premium of over 20% to Monday's close of $35.09. UGI shares surged 9.40% to $38.39 on Tuesday as the market digested the news. The bid follows a weak fiscal Q3 for UGI, which missed revenue estimates and swung to an adjusted loss, driven by a sharp downturn at AmeriGas Propane. The offer comes amid growing private equity interest in utility infrastructure, fueled by rising power demand from data centers. No deal is guaranteed, and UGI has not yet responded to the proposal.
At the time of this announcement, UGI was trading at $38.74 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $8.2B. The 52-week trading range was $31.62 to $41.34. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.