SkyWest, Inc. makes proposal to acquire ExpressJet Holdings, Inc.

04-Aug-2010 SkyWest, Inc. (Nasdaq: SKYW) ("SkyWest") announced today that it has entered into a definitive merger agreement with ExpressJet Holdings, Inc. (NYSE: XJT)("ExpressJet"), whereby Atlantic Southeast Airlines, Inc., SkyWest's wholly-owned subsidiary ("Atlantic Southeast"), will acquire all of the outstanding shares of common stock of ExpressJet Holdings, Inc. ("ExpressJet") for $6.75 per share in cash, representing a net purchase price of approximately $133 million after giving effect for shares already owned by Atlantic Southeast.