Tagged NC

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NACCO Industries Files for Spin-Off

CLEVELAND, Aug. 21, 2017 /PRNewswire/ — NACCO Industries, Inc. (NYSE: NC) announced today that its wholly owned subsidiary, Hamilton Beach Brands Holding Company, has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed spin-off by NACCO of its housewares-related businesses to NACCO stockholders.  Hamilton Beach Brands Holding Company, as an independent public company, will own and operate…

NACCO Industries Files to Spin-Off Division

[In spite of my revulsion against dual-class voting structure, I forced myself to take a look at this situation. NACCO is certainly under-the-radar with near-zero analyst coverage and the stub will probably become even more marginalized given that the spin-off constitutes 75% of revenues. So naturally I feel that the stub could end up selling…

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