Chevron Acquires Hess; FMC, Ultra Clean Stocks Fall, EngageSmart and Textainer Rise after Acquisition News

Chevron's purchase of Hess in a $53 billion all-stock deal influences numerous market changes; FMC Corp. and Ultra Clean Holdings struggle after anticipations for third-quarter results plummet due to unforeseen circumstances while EngageSmart and Textainer shares surge after news of acquisitions by Vista Equity Partners and Stonepeak.

Chevron Corp. will purchase Hess in an all-stock deal valued at $53 billion, causing Chevron's shares to decline.
FMC Corp. experienced a drop in stock due to drastically reducing its forecasts for third-quarter results because of falling sales in Latin America.
Ultra Clean Holdings Inc., a producer of subsystems for the semiconductor industry, saw its stocks fall after announcing that it expects lower than predicted earnings for the latest quarter.
EngageSmart Inc., a business software company, agreed to be acquired by Vista Equity Partners for $23 per share in cash, leading to a surge in EngageSmart's shares.
Textainer Group Holdings Ltd., a shipping container leasing firm, agreed to an acquisition by investment firm Stonepeak for $50 a share cash, resulting in a rise in Textainer's shares.