Nacco Industries Inc, parent company of Nacco Materials Handling Group Inc, is embroiled in a merger dispute with household appliance distributor Applica Inc.
Nacco sued Applica and its biggest shareholder, Harbinger Capital Partners, on November 13 in Delaware Chancery Court.
On July 23, Nacco Industries Inc had said it would spin off its household appliance subsidiary Hamilton Beach/Proctor-Silex Inc and merge it with Applica, of Miramar, Florida.
On October 19, Applica notified Nacco of its intention to terminate the merger agreement. Applica said on Tuesday that it planned to complete a buyout offer from Harbinger.