The Shyft Group Inc (SHYF) News
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SHYF News Highlights
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Latest SHYF News From Around the Web
Below are the latest news stories about SHYFT GROUP INC that investors may wish to consider to help them evaluate SHYF as an investment opportunity.
The Shyft Group Announces Interim CFO AppointmentThe Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced the appointment of Scott Ocholik, Vice President, Chief Accounting Officer, and Corporate Controller, as Interim Chief Financial Officer, effective January 1, 2025. |
Spotting Winners: Shyft (NASDAQ:SHYF) And Heavy Transportation Equipment Stocks In Q3As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the heavy transportation equipment industry, including Shyft (NASDAQ:SHYF) and its peers. |
Auto Roundup: GNTX to Acquire VOXX, F Secures EV Battery Loan & MoreGentex plans to acquire VOXX in an all-cash deal valued at $7.50 per share. Ford and SK On secure $9.6 billion EV battery loan. |
Shyft Group downgraded to Neutral from Buy at DA DavidsonDA Davidson analyst Michael Shlisky downgraded Shyft Group (SHYF) to Neutral from Buy with a $15 price target following yesterday’s announcement of the merger with Aebi Schmidt, a U.S.-European truck-equipment maker. While “largely positive on the strategic rationale of the deal,” as it broadens scale and scope for both companies, the firm views execution risks as elevated going forward given this is a multi-continent merger of equals currently without a CFO. The resulting combined company will |
Shyft & Aebi Schmidt to Unite to Lead Specialty Vehicle MarketSHYF and Aebi Schmidt Group agree to merge in an all-stock deal to form a leading specialty vehicles company. |
Shyft Group Merges with Aebi Schmidt to Enhance GrowthAn update from Shyft Group ( (SHYF) ) is now available. 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 c |
Shyft Drives Into The Future With Aebi Schmidt - What's On The Cards?Shyft Group, Inc. (NASDAQ:SHYF) shares traded higher on Monday after the company disclosed an all-stock merger with Aebi Schmidt Group to form a specialty vehicles company. As per the deal, Shyft shareholders will receive 1.04 shares of the combined company’s stock for each Shyft share, owning 48% of the new entity, while Aebi Schmidt shareholders will hold 52%. The merger will integrate Aebi Schmidt’s specialty vehicle offerings—spanning commercial truck upfitting, snow and ice management, stre |
The Shyft Group to Merge with Aebi Schmidt Group to Create A Specialty Vehicles LeaderThe Shyft Group (NASDAQ: SHYF) ("Shyft"), and Aebi Schmidt Group ("Aebi Schmidt"), today announced a definitive agreement to combine in an all-stock merger to create a leading specialty vehicles company positioned for outsized growth. Under the terms of the agreement, each outstanding share of Shyft common stock will be exchanged for 1.04 shares of the combined company's common stock. At closing, Shyft shareholders will own 48 percent of the combined company, with Aebi Schmidt shareholders ownin |
US specialty vehicle maker Shyft to merge with Switzerland-based Aebi SchmidtMichigan-based Shyft, which has a market value of about $439 million according to data compiled by LSEG, manufactures and assembles specialty vehicles such as work trucks and recreational vehicles. Swiss-based Aebi also manufactures specialty vehicles, along with attachments for custom equipment. The merger will combine Aebi's specialty vehicle products and services with Shyft's manufacturing, assembly and customizations for the commercial, retail and service specialty vehicle markets. |
First Blue Arc™ Class 4 EV Trucks ShipThe Shyft Group, Inc. (NASDAQ: SHYF), a North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced the first shipments of its Blue Arc™ Class 4 EV truck to multiple customers, including initial deliveries to a leading parcel delivery customer. These shipments mark the transition to regular production to meet demand for electrified fleet solutions. |