Shyft Group shareholders approve merger with Aebi Schmidt Group

The Shyft Group (SHYF) announced its shareholders have voted to approve and adopt the merger agreement relating to the proposed merger with an indirect, wholly owned subsidiary of Aebi Schmidt Group. Approximately 99% of the shares voted were cast in favor of the transaction. The transaction is expected to close on or around July 1, subject to customary closing conditions. Upon consummation, the combined company will operate as “Aebi Schmidt Group” and is expected to trade on NASDAQ under “AEBI” around July 1.