UGI shares spike on reported KKR bid for the company
(Updated - August 18, 2026 11:28 AM EDT)
Investing.com -- UGI Corporation shares quickly rose more than 14% on Tuesday following a Wall Street Journal report that private equity firm KKR made a $9 billion takeover offer for the natural gas and electricity distributor.
KKR proposed to acquire UGI for $42.50 per share, according to the report.
Shares were halted for a volatility pause at $37.20, up 6%, shortly after the announcement. Before the report surfaced, the stock was trading around $35, approximately 20% below the reported offer price.