ExpressJet Holdings, Inc. Merger Litigation (NYSE: XJT)
Law Office of Brodsky & Smith, LLC Announces Investigation ExpressJet Holdings, Inc.
BALA CYNWYD – (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 – News) 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 email@example.com, or by calling toll free 877-LEGAL-90.
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