[Federal Register Volume 64, Number 35 (Tuesday, February 23, 1999)]
[Notices]
[Pages 8892-8893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-4425]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (The Turner Corporation, Common Stock, $1 Par Value,
and Preferred Stock Purchase Rights) File No. 1-8719
February 16, 1999.
The Turner 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
securities (``Securities'') from listing and registration on the
American Stock Exchange, Inc. (``Amex'' or ``Exchange'').
The reasons cited in the application for withdrawing the Securities
from listing and registration include the following:
The Securities of the Company have been listed for trading on the
Amex and, pursuant to a Registration Statement on Form 8-A which became
effective on December 11, 1998, on the New York Stock Exchange, Inc.
(``NYSE''). Trading of the Company's Securities on the NYSE commenced
at the opening of business on December 16, 1998, and concurrently
therewith the Securities were suspended from trading on the Amex.
The Company has complied with Rule 18 of the Amex by filing with
the
[[Page 8893]]
Exchange a certified copy of preambles and resolutions adopted by the
Company's Board of Directors authorizing the withdrawal of its
Securities from listing on the Amex and by setting forth in detail to
the Exchange the reasons for the proposed withdrawal, and the facts in
support thereof. In making the decision to withdraw its Securities from
listing on the Amex, the Company considered, among other things, the
potential increased liquidity for its Securities if the Securities were
traded on the NYSE. The Exhange has informed the Company that it has no
objection to the withdrawal of the Company's Securities from listing on
the Amex.
The Company's application relates solely to the withdrawal from
listing of the Company's Securities from the Amex and shall have no
effect upon the continued listing of the Securities on the NYSE. By
reason of Section 12(b) of the Act and the rules and regulations of the
Commission thereunder, 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, March 9, 1999, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
5th 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. 99-4425 Filed 2-22-99; 8:45 am]
BILLING CODE 8010-01-M
