The Shyft Group to Hold Special Meeting of the Shareholders of Shyft on Proposed Merger with Aebi Schmidt

Core Viewpoint - The Shyft Group, Inc. is moving forward with a proposed all-stock merger with Aebi Schmidt Holdings, AG, which is set to be voted on by shareholders on June 17, 2025, with Shyft shareholders expected to own 48% of the combined company [1][2][3]. About the Transaction - The merger agreement was announced on December 16, 2024, and involves an exchange of each outstanding share of Shyft common stock for approximately 1.04 shares of the combined company's common stock [2]. - The transaction is structured to be tax-free for Shyft shareholders and has received unanimous approval from the boards of directors of both companies [3]. Company Overview - The Shyft Group is a leader in specialty vehicle manufacturing, assembly, and upfit for various markets, including commercial, retail, and service specialty vehicles [5]. - Shyft operates two core business units: Shyft Fleet Vehicles and Services™ and Shyft Specialty Vehicles™, and has a diverse portfolio of brands [5]. - The company reported sales of $786 million in 2024 and employs approximately 2,900 individuals across multiple facilities in North America and Mexico [5].