You can argue the H-Y M.H spin off from Nacco in a variety of different ways. Coal is hated by Obama, etc and price of the parent's stock has suffered. They extracted the forklift from coal, they created a separate stock, and the family behind Nacco's wealth increased. For that reason alone it made sense. Not really believing that they are openly "for sale". Nacco history should be viewed in the context of Al Rankin running Eaton MH division then going back to his family (Nacco) for money to buy it. Don't look at Nacco as a coal company that happens to be in forklift biz.

Now on Doosan, dunno, I'm not believing it. I could see Doosan buying Clark, but Doosan themselves are really not industrial equipment people. They sort of tripped into this business as a result of the 1999 chaebol failures (Daewoo).