SkyWest Agrees To $133 Million Deal For ExpressJet

Date : 08/04/2010 @ 8:16AM
Source : Dow Jones News
Stock : Ual Corp. (MM) (UAUA)
Quote : 23.66  0.0 (0.00%) @ 2:05AM

SkyWest Agrees To $133 Million Deal For ExpressJet

Skywest (NASDAQ:SKYW)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Skywest Charts.

SkyWest Inc. (SKYW), the largest U.S. regional airline operator, on Wednesday announced plans to acquire a Houston-based rival in a move that lines up the commuter operations of merger partners Continental Airlines Inc. (CAL) and UAL Corp.'s (UAUA) United Airlines.

Utah-based SkyWest reached an agreed $133 million all-cash deal to acquire the parent of ExpressJet Airlines, the largest provider of regional services to Continental. SkyWest is already a large provider of commuter flights to United, as well as Delta Air Lines Inc. (DAL).

The U.S. network airlines have sold or spun off almost all of their regional operations, subcontracting flying from operators like SkyWest, which plans to combine ExpressJet with the Atlantic Southeast Airlines business it acquired from Delta.

SkyWest is offering $6.75 a share for each share in ExpressJet Holdings Inc. and aims to close the deal in the fourth quarter.

-By Doug Cameron, Dow Jones Newswires; 312-750-4135; doug.cameron@dowjones.com

 
 

Latest UAUA Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.