Spirit Airlines and JetBlue Airways have announced their intention to appeal a federal judge’s decision to block their proposed $3.8 billion merger. The court’s ruling cited antitrust concerns as the basis for its decision. Despite this setback, Spirit Airlines’ shares saw a significant uptick of 13% during after-hours trading.
Microsoft Discloses Cyber Attack by Russian Hacking Group
Tech giant Microsoft recently disclosed that it was targeted in a cyber attack carried out by the same Russian state-sponsored hacking group responsible for the SolarWinds hack in 2020. The company revealed that a portion of its corporate email accounts, including those belonging to senior leaders and employees in its cybersecurity and legal teams, had been compromised. Microsoft’s shares experienced a modest decline of 0.3% in after-hours trading following this announcement.
Invitation Homes Sees Shares Rise as Blackstone Acquires Tricon Residential
Invitation Homes, a suburban landlord, witnessed a surge in its shares during regular trading hours after Blackstone announced its plans to acquire Tricon Residential, the owner of approximately 38,000 rental homes across the United States. The deal, valued at $3.5 billion, garnered positive investor sentiment and resulted in a further 2% increase in Invitation Homes’ shares during after-hours trading.