SkyWest to acquire ExpressJet
The consolidation of the regional airline industry continued unabated last month, as St.

The consolidation of the regional airline industry continued unabated last month, as St. George, Utah-based SkyWest revealed plans to acquire Houston-based ExpressJet. The $133 million transaction will involve a direct purchase by SkyWest's Atlanta-based subsidiary, Atlantic Southeast Airlines (ASA), of all of ExpressJet's common shares for $6.75 each in cash. The boards of directors of both SkyWest and ExpressJet have each unanimously approved the definitive merger agreement, which remains subject to receipt of certain regulatory approvals, approval of ExpressJet stockholders and other customary conditions. The parties expect to close the transaction during this year's fourth quarter.