Kendall Law Group investigates ExpressJet Holdings, Inc. acquisition for shareholders
04-Aug-2010 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.