[Federal Register Volume 63, Number 241 (Wednesday, December 16, 1998)]
[Notices]
[Page 69353]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-33301]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration (Boise Cascade Corporation, Common Stock, $2.50 Par
Value; Associated Common Stock Purchase Rights); File No. 1-5057
December 10, 1998.
Boise Cascade Corporate (``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 on the New York
Stock Exchange (``NYSE''), Chicago Stock Exchange (``CHX''), and PCX.
The Company's Securities first traded on the PCX in 1965. Currently,
the number of shares traded through the PCX is minimal, and has been
declining over the last several years.
As part of an overall business review, the Company's management and
Board of Directors considered the manner in which its stock is traded
in the marketplace. The Company found the majority (well over 90%) of
its Securities are traded on the NYSE. After considering many factors,
the Company's management and Board of Directors determined that no
significant business reasons exist for the Company to continue listing
its Securities on the PCX. The Company intends to maintain its listing
on the NYSE.
In compliance with the Exchange's rules, the Company sent the PCX a
letter requesting voluntary delisting. The letter set out the basis for
the Company's decision to delist, and provided a certified copy of the
Board resolution authorizing this action.
On November 3, 1998, the Equity Listings Committee of the PCX
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 PCX and shall have no effect upon the
continued listing of the Securities on the NYSE or the CHX.
Any interested person may, on or before January 4, 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. 98-33301 Filed 12-15-98; 8:45 am]
BILLING CODE 8010-01-M
