MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Shyft (NASDAQ: SHYF) for possible breaches of fiduciary duty and other violations of law in its transaction with Aebi Schmidt.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, 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 owning 52 percent. Shyft insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Shyft by imposing a significant penalty if Shyft accepts a competing bid. We are investigating the conduct of Shyft's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001