[Federal Register Volume 61, Number 26 (Wednesday, February 7, 1996)]
[Notices]
[Page 4701]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2543]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 1-6083]
Issuer Delisting; Notice of Application to Withdraw from Listing
and Registration; (Greenman Bros. Inc., Common Stock, $.10 Par Value)
February 1, 1996.
Greenman Bros. 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 America 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, its Board of Directors unanimously
approved resolutions on November 16, 1995 to withdraw the Security from
listing on the Amex and instead, to list the Security on the Nasdaq
Stock Market as a Nasdaq National Market security (``NNM'').
The decision of the Board followed a thorough study of the matter
and was based upon the belief that listing the Security on the NNM will
be more beneficial to the Company's stockholders than the present
listing on the Amex for the following reasons.
(1) The past six months have marked a rise in the price of and an
increased interest in the Security, with the result that several
brokerage houses are now actively following the Security; and
(2) The Company has been advised by securities industry
professionals that the NNM should provide greater price stability for
the Security and afford the Company's stockholders and the public a
more stable trading market for the Security, a view with which the
Company concurs.
Any interested person may, on or before February 22, 1996, 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. 96-2543 Filed 2-6-96; 8:45 am]
BILLING CODE 8010-01-M
