An update from Shyft Group ( (SHYF) ) is now available.
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The Shyft Group announced a merger with Aebi Schmidt to form a leading specialty vehicles company, with each Shyft share being converted into 1.04 shares of the new entity’s common stock. This merger, approved by both companies’ boards, is expected to create significant shareholder value through synergies estimated at $25-30 million within two years, with expected pro forma revenue of $1.95 billion and adjusted EBITDA of $200 million. The combined company’s global presence in North America and Europe will enhance customer service and competitive growth, with a strong leadership team poised to drive long-term profitable growth.
More about Shyft Group
The Shyft Group operates in the specialty vehicles industry, providing manufacturing, assembly, and upfitting services for commercial, retail, and service specialty vehicle markets. Their market focus spans North America and Europe, and they are known for their commercial truck upfitting and infrastructure-related solutions.
YTD Price Performance: 5.75%
Average Trading Volume: 231,407
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $438.8M
Find detailed analytics on SHYF stock on TipRanks’ Stock Analysis page.
