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Tuesday, November 25, 2008

XJT Board in Stock Repurchase

ExpressJet Holdings’s board authorized an additional $10 million for the previously announced securities repurchase program with the common stock acquired through the program used for general corporate purposes. XJT also said that convertible notes repurchased under the program will be cancelled. The company expects any purchases of the notes or the stock to be made from time to time in the open market or in privately negotiated transactions. The timing of any repurchases under the program will depend on a variety of factors, including market conditions, and may be suspended or discontinued at any time.
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