The Shyft Group, Inc., parent company of Spartan RV Chassis, will host a special shareholders meeting June 17. During the meeting, shareholders will consider and vote on a proposal to approve the company’s merger agreement with Aebi Schmidt Holdings, AG.
Shareholders of record as of the close of business May 13 are eligible to attend the June 17 meeting.
On Dec. 16, 2024, Shyft entered into a definitive agreement to combine with Aebi Schmidt in an all-stock merger to create a leading specialty vehicles company. Under the agreement terms, each outstanding share of Shyft common stock will be exchanged for approximately 1.04 shares of the combined company’s common stock.
At closing, Shyft shareholders will own 48% of the combined company, with Aebi Schmidt shareholders owning 52%.
The transaction was unanimously approved by the boards of directors present of both companies and is expected to be completed shortly after the special meeting.
