[Federal Register Volume 64, Number 12 (Wednesday, January 20, 1999)]
[Notices]
[Page 3142]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-1207]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 1-14472]
Issuer Delisting; Notice of Application to Withdraw from Listing
and Registration; (Cornell Corrections, Inc., $0.001 Par Value Common
Stock)
January 13, 1999.
Cornel Corrections, 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 Security of the Company has been listed for trading on the Amex
and, pursuant to a Registration Statement on Form 8-A which became
effective on December 7, 1998, on the New York Stock Exchange, Inc.
(``NYSE''). Trading of the Company's Security on the NYSE commenced at
the opening of business on December 10, 1998, and concurrently
therewith the stock was suspended from trading on the Amex.
The Company has complied with Rule 18 of the Amex by filing with
the Exchange a certified copy of preambles and resolutions adopted by
the Company's Board of Directors authorizing the withdrawal of its
Security from listing on the Amex and by setting forth in detail to the
Exchange the reasons for the proposed withdrawal, and the facts in
support thereof. In making the decision to withdraw its Security from
listing on the Amex, the Company considered direct and indirect costs
and the division of the market resulting from dual listing on the Amex
and NYSE.
The Exchange has informed the Company that it has no objection to
the withdrawal of the Company's Security from listing on the Amex.
This application relates solely to the withdrawal from listing of
the Company's Security from the Amex and shall have no effect upon the
continued listing of the Security on the NYSE.
Any interested person may, on or before February 4, 1999, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, NW., 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. 99-1207 Filed 1-19-99; 8:45 am]
BILLING CODE 8010-01-M
