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61 FR (03/11/1996) » 96-5685. Issuer Delisting; Notice of Application to Withdraw from Listing and Registration; (Mobile Mini, Inc., Common Stock, $.01 Par Value; Warrants) File No. 1-12804
96-5685. Issuer Delisting; Notice of Application to Withdraw from Listing and Registration; (Mobile Mini, Inc., Common Stock, $.01 Par Value; Warrants) File No. 1-12804
[Federal Register Volume 61, Number 48 (Monday, March 11, 1996)]
[Notices]
[Page 9738]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5685]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw from Listing
and Registration; (Mobile Mini, Inc., Common Stock, $.01 Par Value;
Warrants) File No. 1-12804
March 5, 1996.
Mobile Mini, 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 (``Securities'') from listing and registration on the
Pacific Stock Exchange Incorporated (``PSE'').
The reasons alleged in the application for withdrawing the
Securities from listing and registration include the following:
According to the Company, the application for listing on Nasdaq as
a National Market Security (``Nasdaq/NMS'') was approved by the
National Association of Securities Dealers (``NASD'') and the Company
is now listed on the Nasdaq/NMS. Listing on the Nasdaq/NMS allows
market makers in the Company's Securities to instantaneously change the
bid and ask quotations of the Company's Securities while the market is
open, provided that they comply with rules promulgated by the NASD.
There are currently 19 market makers on the Nasdaq/NMS providing a
market in the Company's Securities.
The Company believes that listing on both the Nasdaq/NMS and the
Exchange could result in quotation discrepancies, resulting in
detrimental fluctuations of the Company's securities. Price
discrepancies and other market inefficiencies could result in arbitrage
trading which could be detrimental to the Company's stockholders.
Additionally, the Company is subject to fees assessed by both the
Exchange and the NASD and believes that the interests of its
stockholders are best served by withdrawal from listing and
registration on the Exchange in order to avoid duplicate fees. The
Company further believes that listing on the Nasdaq/NMS will enable
current shareholders to facilitate trades in the Company's securities
in the most cost-effective manner.
Any interested person may, on or before March 26, 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. 96-5685 Filed 3-8-96; 8:45 am]
BILLING CODE 5010-01-M
Document Information
- Published:
- 03/11/1996
- Department:
- Securities and Exchange Commission
- Entry Type:
- Notice
- Document Number:
- 96-5685
- Pages:
- 9738-9738 (1 pages)
- PDF File:
-
96-5685.pdf