Bernstein Liebhard LLP Announces Investigation of Acquisition of ExpressJet Holdings, Inc. by SkyWest, Inc.
August 04 2010 - 10:22AM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of ExpressJet Holdings, Inc. (“ExpressJet” or the
“Company”) (NYSE: XJT) breached its fiduciary duty to its
shareholders in agreeing to sell ExpressJet to SkyWest, Inc.
(“SkyWest”) (NASDAQ: SKYW).
Under the terms of the agreement, ExpressJet shareholders will
receive $6.75 in cash for each share they own, placing the total
value of the transaction at approximately $133 million. The parties
currently anticipate that the transaction will close during the
fourth quarter of 2010. The investigation is focused on the
potential unfairness of the price to ExpressJet shareholders and
the process by which the ExpressJet Board of Directors considered
and approved the transaction.
If you are interested in discussing your rights as an ExpressJet
shareholder and/or have information relating to the matter, please
contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last seven years.
Bernstein Liebhard LLP10 East 40th StreetNew York, New York
10016(877) 779-1414www.bernlieb.com
ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
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