Shiloh Industries comments on MTD Holdings's interest in Shiloh

|About: Shiloh Industries, Inc. (SHLO)|By:, SA News Editor

Shiloh Industries (NASDAQ:SHLO) comments on reorganization of MTD Holdings's ownership in Shiloh Industries.

Due to internal reorganization at MTD Holdings, ~7.3M shares representing ~31% stake in SHLO held by MTD, will now be indirectly held by Oak Tree Holdings, an affiliate of MTD Holdings

“MTD has held a strategic investment in Shiloh since 1998 and I am pleased that this relationship will continue under the new Oak Tree structure,” said Ramzi Hermiz, President & CEO

(SHLO) is down ~5.2% in pre-market

Press Release

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