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."
Source:
http://www.mmh.com/article/nacco_industries_and_hyster-yale_materials_handling_announce_completion_of_/
