Forklifts Orange County – Hyster-Yale Materials Handling, Inc. announce completion of spin-off

October 9, 2012 | 0 Comments | Filed under: California, Forklift Brands, Forklift Business, Orange County

NACCO Industries, Inc. and Hyster-Yale Materials Handling, Inc. announced the spin-off by NACCO of its materials handling business to NACCO stockholders.  At the close of business on September 28, 2012, NACCO distributed 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.”

 Source: Material Handling Wholesaler

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