Check out the companies making headlines in midday trading. Chevron — Chevron shares fell 3% after the energy giant agreed to buy Hess in a $53 billion all-stock deal , or $171 per share. The acquisition allows Chevron to develop drilling in Guyana, and it comes approximately two weeks after Exxon Mobil acquired Pioneer Natural Resources in a $59.5 billion all-stock deal. Okta – Okta's stock shed 8%, building on an 11.
Spirit AeroSystems — The aerospace company's shares gained 4.8% after Bernstein raised its rating on shares to outperform from market perform. The firm is bullish on a turnaround opportunity since Pat Shanahan was named interim CEO earlier this month. EngageSmart — The customer payment solutions company rallied 12% after private equity firm Vista Equity Partners agreed to buy the company for $4 billion, or $23 a share. The deal is expected to close in the first quarter of 2024.
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