>>> After Hours Summary: Court rules in favor of AT&T-Time Warn

After Hours Summary: Court rules in favor of AT&T-Time Warner merger

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: PVTL +5.9%, SMG +1.5%

Companies trading higher in after hours in reaction to news: TWX +4.7% (up after judge gives approval for AT&T to acquire company)... cohort of related companies drafting off AT&T-TWX court ruling: LGF.A +7.8%, CBS +3.5%, VIA.B +2.5%, S +3.6%, TMUS +1.6%... FOX.A +7.3% (jumps as AT&T-TWX ruling will invite competing bid from Comcast for FOX assets), CVS +2.5%, AET +3.8% (stocks trading higher on assumption AT&T-TWX ruling will pave way for approval of their proposed merger), ESRX +5.6%, CI +0.7% (stocks trading higher on assumption AT&T-TWX ruling will pave way for approval of their proposed merger), ENPH +33.3% (acquiring SunPower's microinverter business)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: HRB -17.6%, OXM -6.4%, SAIC -0.7%

Companies trading higher in after hours in reaction to news: T -2.5% (down on understanding that cash-and-stock offer for Time Warner will now go through), CMCSA -4.0% (expected to make aggressive offer to acquire FOX assets), DIS -1.8% (down as investors see potential bidding war with Comcast for FOX assets), USAC -5.8% (announces public offering of 5 mln common units), BHF -2.0% (announces secondary stock offering by selling shareholders), RH -0.9% (exploring potential $300 mln convertible notes offering)