[Federal Register Volume 59, Number 25 (Monday, February 7, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-2712]
[[Page Unknown]]
[Federal Register: February 7, 1994]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Matlack Systems, Inc., Common Stock, $1.00 Par
Value; Common Stock Purchase Rights) File No. 1-10105
February 1, 1994.
Matlack Systems, 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
securities from listing and registration on the American Stock
Exchange, Inc. (``Amex'').
The reasons alleged in the application for withdrawing these
securities from listing and registration include the following:
According to the Company, in addition to being listed on the Amex,
its common stock and common stock purchase rights are listed on the New
York Stock Exchange, Inc. (``NYSE''). The Company's common stock and
common stock purchase rights commenced trading on the NYSE at the
opening of business on December 9, 1993 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 believe that dual
trading of its securities on both the NYSE and Amex would be
advantageous, but rather, that such a dual listing might fragment the
market for the common stock.
Any interested person may, on or before February 23, 1994 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. 94-2712 Filed 2-4-94; 8:45 am]
BILLING CODE 8010-01-M
