NOVI, Mich., June 17, 2025 - The Shyft Group, Inc. (NASDAQ: SHYF), a leader in specialty vehicle manufacturing, has announced that its shareholders have approved the merger with Aebi Schmidt Group, a global provider of mission-critical solutions. The Special Meeting showed that approximately 99% of the shares voted were in favor of the merger. The transaction is expected to close on or around July 1, 2025, pending customary closing conditions. Upon completion, the combined company will operate under the name "Aebi Schmidt Group" and its shares will trade on NASDAQ under the ticker symbol "AEBI". Each Shyft share will be exchanged for approximately 1.04 shares of the new company's stock. James Sharman, incoming Chairman, and Barend Fruithof, incoming CEO, expressed enthusiasm for the merger, highlighting the enhanced scale and capabilities it will bring to the specialty vehicles industry.
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