ExpressJet Airlines moves one step closer to being merged into Atlantic Southeast Airlines
ExpressJet Airlines Embraer ERJ 145XR N11194 (msn 14500940) ONT (Michael B. Ing) (to be merged into Atlantic Southeast), originally uploaded by Airliners Gallery.
SkyWest, Inc. (St. George) announced they have been notified by the Federal Trade Commission that it granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act with respect to SkyWest’s proposed acquisition of ExpressJet announced on August 4, 2010. The airlines’ Hart-Scott-Rodino Act filings were submitted on August 30, 2010.
ExpressJet and SkyWest announced a definitive merger agreement on August 4, 2010 whereby SkyWest proposes to acquire all of the outstanding common shares of ExpressJet for $6.75 per share in cash. Following the merger, SkyWest intends to merge ExpressJet Airlines, Inc. (Houston) with Atlantic Southeast Airlines, Inc., (Atlanta) a wholly-owned subsidiary of SkyWest, upon the receipt of all required regulatory approvals and the satisfaction of other closing conditions. ExpressJet and SkyWest continue to expect the transaction to close during fourth quarter 2010, subject to ExpressJet stockholder approval and customary closing conditions.
Copyright Photo: Michael B. Ing. Under this scenario the ExpressJet in-house brand will disappear soon. Embraer ERJ 145XR N11194 (msn 14500940) taxies to the gate at Ontario, CA.