To view the recent news release titled, Joy Global Acknowledges SEC Investigation please visit:
November 6 2014
MILWAUKEE–(BUSINESS WIRE)– 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.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Terms such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “indicate,” “intend,” “may be,” “objective,” “plan,” “potential,” “predict,” “should,” “will be” and similar expressions are intended to identify forward-looking statements. The forward-looking statements in this press release are based on our current expectations and are made only as of the date of this press release and involve certain risks and uncertainties that could cause actual results to differ materially from future results that may be expressed or implied by such forward-looking statements. We undertake no obligation to update forward-looking statements contained in this press release to reflect new information