KKR has made a roughly $9bn offer to acquire UGI, the Pennsylvania-based natural gas and electricity distributor, in a move that could give the private equity firm exposure to rising demand for reliable power from artificial intelligence data centres, according to a report by the Wall Street Journal.
The private equity firm has proposed paying $42.50 per share for UGI, according to people familiar with the matter. The offer represents a significant premium to UGI’s recent market price: the share...
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