Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of ExpressJet Holdings, Inc.
August 05 2010 - 8:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
ExpressJet Holdings, Inc. (“ExpressJet” or the “Company”)
(NYSE:XJT) related to the Company’s agreement to be acquired by
SkyWest, Inc. (“SkyWest”). ExpressJet is the parent company of
ExpressJet Airlines, Inc. – a regional and charter airline
operator. The proposed cash transaction is valued at approximately
$133 million.
Subject to the terms of the definitive merger agreement entered
into by the parties, SkyWest will acquire all of the outstanding
shares of ExpressJet common stock for $6.75 per share in cash.
Following the closing of the transaction, SkyWest anticipates
merging ExpressJet Airlines with SkyWest’s wholly owned subsidiary
Atlantic Southeast Airlines. The transaction is expected to close
during fourth-quarter 2010. The investigation concerns possible
breaches of fiduciary duty and other violations of law related to
approval of the proposed transaction by ExpressJet’s board of
directors.
If you own shares of ExpressJet, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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