[Federal Register Volume 60, Number 16 (Wednesday, January 25, 1995)]
[Notices]
[Page 4942]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1844]
[[Page 4942]]
SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (The Penn Traffic Company, Common Stock, $1.25 Par
Value) File No. 1-9930
January 19, 1995.
The Penn Traffic Company (``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'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Company, in addition to being listed on the Amex,
the Security is listed on the New York Stock Exchange, Inc. (``NYSE'').
The Security commended trading on the NYSE at the opening of business
on December 21, 1994 and concurrently therewith the Security was
suspended from trading on the Amex.
In making the decision to withdraw the Security from listing on the
Amex, the Company considered the direct and indirect costs and expenses
attendant in maintaining the dual listing of the Security on the NYSE
and the Amex. The Company does not see any particular advantage in the
dual trading of the Security and believes that dual listing would
fragment the market for the Security.
Any interested person may, on or before February 9, 1995, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, N.W., Washington, D.C. 20459, facts bearing upon whether
the application has been made in accordance with the rules of the Amex
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.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-1844 Filed 1-24-95; 8:45 am]
BILLING CODE 8010-01-M
