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Express Jet (NYSE:XJT): Express Jet Takes off Up 100%

|Includes: ExpressJet Holdings, Inc. (XJT)

Regional carriers for United Airlines (NASDAQ: UAUA) and Continental Airlines Inc. (NYSE: CAL) announced Wednesday that they will combine in an all cash move valued at $133 million.

SkyWest Inc. (NASDAQ: SKYW) said that its Atlantic Southeast Airlines business has agreed to buy ExpressJet Holdings Inc. (NYSE: XJT) for $6.75 per share, a premium that more than doubles the stock’s closing price on Tuesday of $3.28.
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