Shares of UGI Corp (NYSE: UGI ) rallied Tuesday afternoon following a Wall Street Journal report detailing a takeover bid .
UGI shares are climbing with conviction. What’s fueling UGI momentum?WSJ Reports Unsolicited Acquisition Proposal
Private equity giant KKR & Co Inc (NYSE: KKR ) submitted an unsolicited proposal to acquire the natural gas and electricity distributor for roughly $9 billion, according to people familiar with the matter, cited by the Wall Street Journal.
The buyout offer values UGI at $42.50 per share. This price tag represents a premium of over 20% compared to the stock’s Monday closing price of $35.09.
The Wall Street Journal highlighted that there are no guarantees UGI will accept the terms or that a final transaction will materialize. Private equity appetite for utility infrastructure has expanded rapidly , driven by rising power demand from data centers and energy grid needs.
UGI Shares Surge Tuesday Afternoon
UGI Price Action: UGI shares closed higher by 9.40% at $38.39 at the time of publication on Tuesday, according to Benzinga Pro data .
Read Next MarketsGoldman's 'Second Space Age' — $1.8 Trillion Global Market by 2035
Goldman Sachs sees a $1.8 trillion space economy by 2035, driven by collapsing launch costs, surging private and public-market funding.
3 min read Read this articleImage: Shutterstock
Latest Private Market Opportunities Join 400,000+ Investors Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here .
Posted In: Trading Ideas Movers News M&A Top Stories Gas Electricity Utilities Why It's Moving