[Federal Register Volume 62, Number 245 (Monday, December 22, 1997)]
[Notices]
[Page 66884]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33265]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (The Ackerley Group, Inc., Common Stock, $.01 Par
Value) File No. 1-10321
December 15, 1997.
The Ackerley Group, 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'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
Pursuant to a Registration Statement on Form 8-A that became
effective on December 3, 1997, the Company's Security will be listed
for trading on the New York Stock Exchange (``NYSE''). The Company has
represented that trading in its Security is scheduled to commence on
the NYSE at the opening of business on December 15, 1997.
The Company has complied with Amex Rule 18 by filing with the
Exchange a certified copy of the resolutions adopted by the Company's
Board of Directors authorizing the withdrawal of the Security from
listing and registration on the Amex, and by setting forth in detail
the reasons and facts supporting the proposed withdrawal.
In making the decision to withdraw its Security from listing and
registration on the Amex, the Company sought to facilitate and promote
trading in its Security, and to enhance the Company's visibility and
profile in the capital markets. The Company believes this action is
consistent with other changes effected by the Company in recent months,
including the changing of the Company's name and the corporate and
trade names of various of its subsidiaries, as well as the realignment
of its internal operating subdivisions.
By letter dated November 22, 1997, the Amex informed the Company
that it had no objection to the withdrawal of the Company's Security
from listing and registration on the Amex.
By reason of Section 12(b) of the Act and the rules thereunder, the
Company shall continue to be obligated to file reports with the
Commission and the NYSE under Section 13 of the Act.
Any interested person may, on or before January 9, 1998, 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. 97-33265 Filed 12-19-97; 8:45 am]
BILLING CODE 8010-01-M
