[Federal Register Volume 63, Number 1 (Friday, January 2, 1998)]
[Notices]
[Page 117]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-34192]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Crown Laboratories, Inc., Common Stock, $.001 Par
Value) File No. 1-12848
December 24, 1997.
Crown Laboratories, Inc. (``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 American
Stock Exchange, Inc. (``Amex'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
The Company has complied with Amex Rule 18 by filing with the
Exchange a certified copy of the unanimous written consent containing
resolutions adopted by the Company's Board of Directors authorizing the
withdrawal of the Security from listing and registration on the Amex,
and by setting forth in detail to the Exchange the reasons and facts
supporting the proposed withdrawal.
On October 16, 1997, the Company's Board of Directors unanimously
determined to withdraw the Company's Security from listing and
registration on the Emerging Company Marketplace of the Amex. This
action was taken while the Company and the Amex were engaged in
discussions focusing on whether the Company was in compliance with
certain of the Amex's continued listing guidelines. The Company has
represented that its Security will continue to trade on the Pacific
Exchange, Inc., where the Security has been listed and registered since
November 11, 1996.
By letter dated November 11, 1997, the Amex informed the Company
that it had no objection to the withdrawal of the Company's Security
from listing and registration on the Amex.
By reason of Section 12(b) of the Act and the rules thereunder, the
Company shall continue to be obligated to file reports with the
Commission and the Pacific Exchange under Section 13 of the Act.
Any interested person may, on or before January 16, 1998, 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
Exchange 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. 97-34192 Filed 12-31-97; 8:45 am]
BILLING CODE 8010-01-M
