[Federal Register Volume 61, Number 205 (Tuesday, October 22, 1996)]
[Notices]
[Page 54827]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-26959]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Weldotron Corporation, $0.05 Par Value Common Stock)
File No. 1-8381
October 15, 1996.
Weldotron Corporation (``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 alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Company, the Company received a letter dated
September 24, 1996, from the Exchange stating that it intended to
delist the Security and registration from the Exchange. The following
day the Company informed the Exchange that it intended to appeal this
decision to the Exchange's Board of Governors. Since the filing of the
notice of appeal there have been numerous phone conversations with
Exchange representatives as well as a meeting between the Company and
the Exchange on October 2, 1996.
Although the Company initially elected to appeal the Exchange's
decision is delist the Security to the Exchange's Board of Governors,
the Company has decided to settle matters by removing the Security from
the Exchange. The Company believes that in view of the large
expenditures of money and management time that would be required before
pursuing an appeal, it would be in the best interest of both the
Company and its shareholders that the Company voluntarily apply to the
Commission to withdraw its Security from listing and registration on
the Exchange.
The Exchange has also agreed that it would be in the best interest
of the Exchange and the investing public to resolve this issue between
the Company and the Exchange in this manner.
Any interested person may, on or before November 4, 1996, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, NW., Washington, DC 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. 96-26959 Filed 10-21-96; 8:45 am]
BILLING CODE 8010-01-M
