Kendall Law Group Investigates ExpressJet Holdings, Inc. Acquisition for Shareholders
August 04 2010 - 12:23PM
Business Wire
Kendall Law Group, a national securities firm led by a former
federal judge with attorneys that include a former U.S. Attorney,
is investigating ExpressJet Holdings, Inc. (NYSE: XJT) for
shareholders in connection with the proposed acquisition by
SkyWest, Inc. The firm’s investigation seeks to determine whether
ExpressJet and its Board breached their fiduciary duties by
entering into the agreement without properly shopping for a deal
that would provide better value for shareholders. If you are an
ExpressJet shareholder and would like additional information about
your rights, contact the Kendall Law Group at 877-744-3728 or by
email at skendall@kendalllawgroup.com.
On August 4, 2010, SkyWest announced that it had entered into a
definitive merger agreement with ExpressJet, whereby Atlantic
Southeast, a wholly-owned subsidiary of SkyWest, would acquire all
of the outstanding shares of common stock of ExpressJet for $6.75
per share in cash. A new, long-term, capacity purchase agreement
between Atlantic Southeast and Continental Airlines is intended to
become effective upon consummation of the ExpressJet acquisition.
In addition, according to Thompson/First Call, at least two
analysts have set a price target of $8.00 per share for ExpressJet
stock.
Kendall Law Group was founded by a former federal judge Joe
Kendall, includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. Since leaving the bench and returning to trial work,
Mr. Kendall has had tremendous success at the prosecution of
patent, consumer and securities class action litigation either as
lead, co-lead or liaison counsel. The firm has been counsel in
numerous merger and acquisition cases nationwide, including some of
the largest transactions in the United States.
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