Huntco Sells Stake in Everest & Jennings Stock

Huntco Manufacturing Inc. said it sold its entire 14.5% stake in the class A stock of Everest & Jennings International Ltd. in Camarillo for $1.23 million.

In a filing with the Securities and Exchange Commission, Huntco said HMH Investments Inc. exercised an option to buy the 984,000 shares from Huntco for $1.25 each.

Everest & Jennings, which plans to move its headquarters to St. Louis this summer, makes wheelchairs and other medical equipment. The company also is proposing to combine its class A and class B stocks and, if that happens, HMH Investments’ overall stake in the company would be about 6%, the filing stated.