[Federal Register Volume 64, Number 18 (Thursday, January 28, 1999)]
[Notices]
[Page 4477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-1999]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (ABM Industries Incorporated, Common Stock, $0.01 Par
Value, and Preferred Stock Purchase Rights) File No. 1-8929
January 22, 1999.
ABM Industries Incorporated (``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
securities (``Securities'') from listing and registration on the
Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
The reasons cited in the application for withdrawing the Securities
from listing and registration include the following:
The Securities of the Company are currently listed for trading on
the PCX and the New York Stock Exchange, Inc. (``NYSE''). The Company
has complied with Rule 3.4(b) of the PCX by filing with the Exchange a
certified copy of the resolutions adopted by the Board of Directors and
by the Executive Committee of the Board of Directors authorizing the
withdrawal, and in an accompanying letter to the Exchange has stated
the reasons for the proposed withdrawal. In making the decision to
withdraw from listing on the PCX, the Company considered the direct and
indirect costs and expenses attendant on maintaining the dual listing
of its Securities. The Company does not see any particular advantage in
the dual trading of its Securities. The Company has also determined
that the average daily volume of trading in its Securities on the
Exchange is under 900 shares, or less than 3% of the total number of
shares traded.
The Exchange has informed the Company that it has approved the
Company's request to be removed from listing and registration on the
Exchange.
This Application relates solely to the withdrawal from listing of
the Company's Securities from the Exchange and shall have no effect
upon the continued listing of such Securities on the NYSE. By reason of
Section 12(b) of the Act and the rules and regulations of the
Commission, the Company shall continue to be obligated to file reports
under Section 13 of the Act with the Commission and the NYSE.
Any interested person may, on or before February 12, 1999, 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. 99-1999 Filed 1-27-99; 8:45 am]
BILLING CODE 5010-01-M
