Joy Global Acknowledges SEC Investigation
Joy Global Inc. (NYSE:JOY) , a worldwide leader in high-productivity mining solutions, announced today that it has received a subpoena seeking information concerning the Company’s acquisition of International Mining Machinery Holdings Ltd. in 2012 and related accounting matters. The Company is cooperating with the SEC regarding this ongoing investigation. While it is not possible to predict the timing or outcome of the SEC inquiry, we currently believe that this matter will not have a material adverse effect on the Company’s consolidated results of operation, financial position or liquidity.
About the Company
Joy Global Inc. is a worldwide leader in mining equipment and services for surface and underground mining.
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