Le Lézard
Classified in: Mining industry, Business

NACCO Industries, Inc. And Hamilton Beach Brands Holding Company Announce Completion Of Spin-Off



CLEVELAND, Sept. 29, 2017 /PRNewswire/ -- NACCO Industries, Inc. (NYSE: NC) and Hamilton Beach Brands Holding Company (NYSE: HBB) announced today the spin-off by NACCO of its housewares-related business to NACCO stockholders.  At the close of business today, NACCO will distribute a dividend of one share of Hamilton Beach Brands Holding Company ("Hamilton Beach Holding") Class A and one share of Hamilton Beach Holding Class B Common stock to holders of each share of NACCO Class A and Class B Common stock. 

Hamilton Beach Holding Class A Common stock has been approved for listing on the New York Stock Exchange.  On Monday, October 2, Hamilton Beach Holding 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 "HBB."

About Hamilton Beach Brands Holding Company
Hamilton Beach Brands Holding Company is an operating holding company for two separate businesses. Hamilton Beach Brands, Inc. is a leading designer, marketer and distributor of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. The Kitchen Collection, LLC is a national specialty retailer of kitchenware in outlet and traditional malls throughout the United States.

About NACCO Industries, Inc.
NACCO Industries, Inc. is an operating holding company for The North American Coal Corporation, which mines coal primarily for use in power generation and provides value-added services for natural resource companies. 

You may obtain a copy of the final prospectus regarding the spin-off without cost from Hamilton Beach Holding by contacting Investor Relations at (440) 229-5130.

# # #

SOURCE NACCO Industries, Inc.


These press releases may also interest you

21 oct 2017
KITIMAT, BC, Oct. 21, 2017 /CNW Telbec/ - The Premier of British Colombia John Horgan joined celebrations for the first year of full production at Rio Tinto's BC Works aluminum smelter in Kitimat today, following a $6 billion modernisation project....

21 oct 2017
KITIMAT, BC, Oct. 20, 2017 /CNW Telbec/ - Please be advised that Rio Tinto will be hosting a celebration at its BC Works aluminium smelter site in Kitimat to commemorate the first year of full production at the modernised smelter.  ...

20 oct 2017
NEW ORLEANS, Oct. 20, 2017 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into United States Steel...

20 oct 2017
TSX.V: GGIOTC: GGIFFFrankfurt: RQM VANCOUVER, Oct. 20, 2017 /CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to confirm closing of the first tranche of the Company's recently announced $10 million private...

20 oct 2017
CANTON, Ohio, Oct. 20, 2017 /PRNewswire/ -- TimkenSteel employees who are members of the United Steelworkers (USW) Local 1123 have failed to ratify a tentative agreement between their bargaining representatives and the company....

20 oct 2017
VAL-D'OR, QC, Oct. 20, 2017 /CNW/ - Metanor Resources Inc. ("Metanor") (TSX - V: MTO) is pleased to report on its financial results for the quarter (Q4) and year ended June 30th, 2017.  This press release should be read in conjunction with Metanor's...




News published on 29 september 2017 at 06:45 and distributed by: