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flag Shyft Group merges with Aebi Schmidt, creating a $1.95 billion specialty vehicles company.

flag The Shyft Group, a US motor vehicle manufacturer, will merge with Swiss specialty vehicle maker Aebi Schmidt Group in an all-stock deal. flag Shyft shareholders will receive 1.04 shares of the new company for each share they own, owning 48% of the new entity. flag The merger aims to create a leading specialty vehicles company with expected 2024 revenues of $1.95 billion and an adjusted EBITDA over $200 million. flag The deal is set to complete in mid-2025.

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