[Federal Register Volume 62, Number 10 (Wednesday, January 15, 1997)]
[Notices]
[Page 2200]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-897]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (North Star Universal, Inc., Common Stock, $.25 Par
Value) File No. 1-10134
January 9, 1997.
North Star Universal, Inc. (``NSU'' or ``Company'') has filed an
application with the Securities and Exchange Commission
(``Commission''), pursuant to Section 12(d) of the Securities Exchange
Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to
withdraw the above specified security (``Security'') from listing and
registration on the Pacific Stock Exchange, Inc. (``PSE'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
The Board of Directors of the Company approved resolutions on
November 25, 1996, to withdraw the Company's Security from listing on
the PSE. The delisting is a condition to consummation of a merger
between the Company and Michael Foods, Inc. (``Michael'') pursuant to
an Agreement and Plan of Reorganization, dated December 21, 1995,
between NSU and Michael, as amended as of September 27, 1996, whereby:
(i) Michael will be merged into a wholly owned subsidiary of NSU; (ii)
NSU will change its name to Michael Foods, Inc. and will continue the
business previously conducted by Michael; and (iii) the outstanding
common stock of another wholly owned subsidiary of NSU, ENStar Inc.,
will be distributed pro rata to the shareholders of NSU.
Any interested person may, on or before January 31, 1997, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether
the application has been made in accordance with the rules of the
exchanges and what terms, if any, should be imposed by the Commission
for the protection of investors. The Commission, based on the
information submitted to it, will issue an order granting the
application after the date mentioned above, unless the Commission
determines to order a hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-897 Filed 1-14-97; 8:45 am]
BILLING CODE 8010-01-M
