ExpressJet shareholder Credit Suisse may seek to influence control of company

By Lisa Kerner

Charlotte, N.C., Dec. 2 - ExpressJet Holdings, Inc. investor Credit Suisse may communicate with the company's board of directors, management or other security holders, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

Credit Suisse said it may directly or indirectly participate in:

• Seeking representation on or changes to ExpressJet's board;

• Changing or influencing control of the company; or

• Making recommendations regarding potential business strategies, mergers, acquisitions, dividend policies or capital structure.

Credit Suisse owns approximately 3 million shares, or 15.8%, of the Houston-based regional airline.

It mostly received the stock on conversion of $19.036 million principal amount of ExpressJet's 4.25% convertibles notes due 2023 tendered in an exchange.

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