Shares of ExpressJet (XJT) double after SkyWest (SKYW) says it will purchase the regional...

|About: ExpressJet Holdings, Inc. (XJT)|By:, SA News Editor

Shares of ExpressJet (XJT) double after SkyWest (SKYW) says it will purchase the regional carrier for about $133M in cash. The deal values ExpressJet at about $6.75 a share, more than double its closing price Tuesday. XJT +100.3%, SKYW +3.5% AH. (PR)