[Federal Register Volume 60, Number 54 (Tuesday, March 21, 1995)]
[Notices]
[Page 14995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-6941]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Conversion Industries, Inc., Common Stock, No Par
Value) File No. 1-10249
March 15, 1995
Conversion Industries, 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 alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Company, the Company received a letter dated
October 11, 1994, from the Exchange stating that it was considering
delisting the Security because it believed that the Company had
violated the Exchange's listing agreement and disclosure policies. The
Company responded to the letter in writing to the Exchange dated
November 3, 1994. In addition, the Company attended on November 3,
1994, a conference at the Exchange in which it made an extensive oral
submission for the Exchange's consideration. Thereafter, the Company
submitted voluminous documents in response to requests by the Exchange.
According to the Company, on November 23, 1994, the Company
received a letter from the Exchange stating that the Exchange had made
a determination to delist the Security.
Although the Company initially elected to appeal the Exchange's
decision to delist the Security to the Exchange's Board of Governors,
the Company has decided to settle matters by removing the Security from
the Exchange. The Company believes that due to the impasses between the
Exchange and the Company and the anticipated large expenditures of
money and management time which would be required before a final
resolution of the matters at issue could be obtained, it is in the best
interest of the Company and its shareholders that matters be settled by
delisting the Security from the Exchange.
The Exchange has also agreed that it would be in the best interest
of the Exchange and the investing public to resolve this issue between
the Company and the Exchange in this manner.
Any interested person may, on or before April 6, 1995, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street NW., Washington, D.C. 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. 95-6941 Filed 3-20-95; 8:45 am]
BILLING CODE 8010-01-M
