[Federal Register Volume 59, Number 223 (Monday, November 21, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-28677]
[[Page Unknown]]
[Federal Register: November 21, 1994]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Clear Channel Communications, Inc., Common Stock,
$0.10 Par Value) File No. 1-9645
November 15, 1994.
Clear Channel Communications, 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'').
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,
its common stock is listed on the New York Stock Exchange, Inc.
(``NYSE''). The Company's common stock commenced trading on the NYSE at
the opening of business on November 4, 1994 and concurrently therewith
such stock was suspended from trading on the Amex.
In making the decision to withdraw its common stock from listing on
the Amex, the Company considered the direct and indirect costs and
expenses attendant in maintaining the dual listing of its common stock
on the NYSE and on the Amex. The Company does not see any particular
advantage in the dual trading of its stock and believes that dual
listing would fragment the market for its common stock.
Any interested person may, on or before December 6, 1994, submit a
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
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. 94-28677 Filed 11-18-94; 8:45 am]
BILLING CODE 8010-01-M
