SKYWEST ACQUISITION OF EXPRESSJET APPROVED BY SHAREHOLDERS

Dino D'Amore
By Dino D'Amore November 12, 2010 10:24

SKYWEST ACQUISITION OF EXPRESSJET APPROVED BY SHAREHOLDERS

ExpressJet Holdings shareholders have approved its proposed acquisition by rival SkyWest. The deal, which is expected to close today, will create one of the largest regional airlines.

SkyWest is buying ExpressJet for $6.75 a share, or $133 million after accounting for ExpressJet shares it already owned. The acquisition has been approved by the US government.

Dino D'Amore
By Dino D'Amore November 12, 2010 10:24
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