KKR has offered to buy UGI Corp for $9 billion, valuing the energy distributor at $42.50 per share. This represents a premium of 21.1% to UGI's closing price on Monday, according to Reuters calculations. In response to the news, UGI's shares jumped over 12% in early trading, while KKR's stock was down roughly 1%. The offer comes as a surge in electricity demand from AI data centers and other large power users reshapes the US energy market, putting reliable sources like natural gas in greater focus.
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