Overview
UGI Corporation shares surged more than 6% on Tuesday before a volatility pause was imposed, after the Wall Street Journal reported that private equity firm KKR has made a takeover offer valued at approximately $9 billion for the natural gas and electricity distributor.
Offer Details
KKR proposed to acquire UGI at $42.50 per share, which translates to a total transaction value of about $9 billion. At the time of the report, UGI’s shares were trading around $35, roughly 20% below the proposed offer price.
Market Reaction
The share price climbed to $37.20, at which point trading was halted for a volatility pause. The rapid price increase reflects the market’s response to the potential acquisition.
Publication Details
The article was published on 18-08-2026 at 08:58 pm by Reuters and was also distributed via Investing.com, with editorial review confirming the AI-generated content.