Finance

Snap, Devon Energy, Virgin Galactic, UPS, Chevron & more

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Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines midday Monday:

Devon Energy, WPX Energy — Shares of Devon jumped 9% while WPX gained 13% after the two companies announced their intention to merge. The all-stock transaction gives the combined company, which will retain Devon’s name, an enterprise value of roughly $12 billion.

Cleveland-Cliffs, ArcelorMittal —Shares of the two mining companies jumped 9.3% and 10.5%, respectively, after Cleveland-Cliffs agreed to buy ArcelorMittal’s U.S….



Source cnbc.com

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