🟢 KKR is trading 4.09% up today after proposing First Gen stake purchase, potential delisting

KKR is trading 4.09% up at $115.44 after proposing to buy an additional 8.43% stake in Philippine power producer First Gen from First Philippine Holdings.

• Transaction could trigger a tender offer for First Gen’s 11.67% public float and support voluntary delisting, valuing First Gen at approximately $2.70 billion.
• Reuters reported the proposal on August 13, 2026.
• July U.S. producer prices were unchanged, boosting expectations of unchanged Federal Reserve rates in September; major indexes rose.