NACCO and Hyster-Yale Materials Handling announce completion of spin-off
Effective Monday, October 1, Hyster-Yale began its first full day as an independent company.
By Modern Materials Handling Staff
September 28, 2012 - MMH Editorial
September 28, 2012 - MMH Editorial
NACCO Industries, Inc. (NYSE: NC) and Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced today the spin-off by NACCO of its materials handling business to NACCO stockholders.
At the close of business today, NACCO will distribute a dividend of one share of Hyster-Yale Materials Handling, Inc. Class A and one share of Hyster-Yale Materials Handling, Inc. Class B Common stock to holders of each share of NACCO Class A and Class B Common stock.
Hyster-Yale Class A Common stock has been approved for listing on the New York Stock Exchange. On Monday, October 1, Hyster-Yale will begin its first full day as an independent company, and will begin trading its Class A Common stock on the NYSE under the symbol “HY.”
Subscribe to Modern Materials Handling magazine
Subscribe today. It's FREE!
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
Recent Entries
Senior economist reports calmer global economy, calls for regional policy innovation.
Winners revealed at 25th DuPont Awards for Packaging Innovation.
Retailers and solution providers are once again talking about the Internet of Things.
Agreement will supply the latest technologies for automating pick, pack, and ship order fulfillment to the Australian-New Zealand markets.
Food distributor piloted A700 to achieve an 80% error reduction and 12% productivity boost.
Article Topics
News · Lift Trucks · Forklifts · NACCO Materials Handling Group · Hyster-Yale Materials Handling ·About the Author
Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond
Post a comment
Commenting is not available in this channel entry.