Private Equity Giant Targets Utility Player in $9 Billion Takeover Bid
Deep News
Aug 19
KKR & Co LP has tabled a roughly $9 billion acquisition proposal for gas and power distributor UGI Corp, marking a significant move in the utilities sector.
The private equity heavyweight's offer values the target at $42.50 per share, a premium that reflects growing investor appetite for stable infrastructure assets.
This bid underscores the ongoing consolidation trend within the energy distribution space, as large financial players seek to lock in predictable cash flows from regulated utility operations.
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