On August 19, KKR & Co LP rose 3.28% in regular trading, trading at $110.47/share, with turnover of $44.15 million.

On the news front, KKR submitted a non-binding acquisition proposal to U.S. natural gas and electricity distributor UGI Corporation at $42.50 per share, valuing the transaction at approximately $9 billion. The offer represents a 21% premium over UGI's prior closing price of $35.09. UGI shares surged over 11% on the news, though the company has not indicated whether it will accept the terms, and no definitive deal is guaranteed.

The proposed acquisition reflects KKR's strategic push into energy infrastructure, particularly as AI data center expansion drives renewed demand for reliable power generation assets. Notably, KKR's earlier bid for an 8.43% stake in Philippines-based First Gen was rejected on August 17, with First Philippine Holdings stating the offer did not reflect fair asset value. The UGI proposal signals KKR's continued pursuit of energy sector consolidation despite recent setbacks. Within the Asset Management sector, Blackstone rose 3.17%, Ares Management gained 1.78%, and BlackRock added 1.15%, indicating broad sector strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)