ExpressJet (XJT)

[mtrewulf]

AP
Quattro Global owns 11.8 percent of ExpressJet
Wednesday September 10, 5:53 pm ET
Quattro Global Capital owns 11.8 percent of regional carrier ExpressJet


HOUSTON (AP) -- Investment manager Quattro Global Capital LLC said in a filing Wednesday that it owns 11.8 percent of the stock of ExpressJet Holdings Inc., which is attempting a reverse stock split to keep trading on the New York Stock Exchange.
New York-based Quattro owns the Quattro Fund Ltd. ExpressJet operates regional flights for Continental Airlines Inc. It shut down its own branded carrier and flights for Delta Air Lines this month.

ExpressJet shareholders are scheduled to vote Oct. 1 to consider a 1-for-10 reverse split of common shares, a move designed to boost the shares over $1 to avoid a delisting.

The shares rose a penny to 21 cents.