Law Office of Brodsky & Smith, LLC Announces Investigation of ExpressJet Holdings, Inc.
August 06 2010 - 4:54PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
ExpressJet Holdings, Inc, (“ExpressJet” or the “Company”)
(NYSE:XJT) relating to the proposed acquisition by SkyWest, Inc
(‘SkyWest”).
Under the terms of the offer, ExpressJet shareholders would
receive $6.75 for each share of ExpressJet stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law. The transaction appears to be
unfair, in part, given that an Analyst placed an $8.00 target on
the stock and the mean target was $6.33.
If you own shares of ExpressJet and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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