NACCO Industries, Inc. and Hyster-Yale Materials Handling, Inc. announced the spin-off by NACCO of its material handling business to NACCO stockholders. 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."
