The Shyft Group Inc., a leader in specialty vehicle manufacturing, has announced a significant development in its proposed merger with an indirect subsidiary of Aebi Schmidt Group. As of May 13, 2025, the U.S. Securities and Exchange Commission has declared effective the registration statement on Form S-4 filed by Aebi Schmidt. Additionally, on May 14, 2025, Shyft filed a definitive proxy statement with the SEC, marking crucial milestones as the companies prepare for the special meeting of Shyft shareholders on June 17, 2025. The transaction, expected to close in mid-2025, will see the combined company operate under the name "Aebi Schmidt Group" and trade on NASDAQ under the ticker symbol "AEBI." The merger aims to combine the strengths of both businesses, creating a larger organization with enhanced capabilities and customer value.
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