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UGI Shares Leap on Report of Takeover Bid From KKR

Provided by Dow Jones Aug 18, 2026, 9:02:00 PM

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)

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