E6-3265. Issuer Delisting; Notice of Application of American Vanguard Corporation To Withdraw Its Common Stock, $.10 Par Value, From Listing and Registration on the American Stock Exchange LLC
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Start Preamble
March 2, 2006.
On February 27, 2006, American Vanguard Corporation, a Delaware corporation (“Issuer”), filed an application with the Securities and Exchange Commission (“Commission”), pursuant to Section 12(d) of the Securities Exchange Act of 1934 (“Act”) [1] and Rule 12d2-2(d) thereunder,[2] to withdraw its common stock, $.10 par value (“Security”), from listing and registration on the American Stock Exchange LLC (“Amex”).
On January 20, 2006, the Board of Directors (“Board”) of the Issuer unanimously approved resolutions to withdraw the Security from listing on Amex and to list the Security on the New York Stock Exchange, Inc. (“NYSE”). The Issuer stated that the Board determined it is in the best interest of the Issuer to list the Security on NYSE because: (1) NYSE's specialist system, which serves to control intraday price volatility, (2) NYSE's proposed hybrid trading platform, which permits speed, but also serves to arrive at the best available trading price; and (3) to avoid direct and indirect costs and the division of the market resulting from dual listing on Amex and NYSE.
The Issuer stated in its application that it has met the requirements of Amex Rule 18 by complying with all applicable laws in effect in the State of Delaware, in which it is incorporated, and providing written notice of withdrawal to Amex.
The Issuer's application relates solely to the withdrawal of the Security from listing on Amex, and shall not affect its continued listing on NYSE or its obligation to be registered under Section 12(b) of the Act.[3]
Any interested person may, on or before March 27, 2006, comment on the facts bearing upon whether the application has been made in accordance with the rules of Amex, and what terms, if any, should be imposed by the Commission for the protection of investors. All comment letters may be submitted by either of the following methods:
Electronic Comments
- Use the Commission's Internet comment form (http://www.sec.gov/rules/delist.shtml); or
- Send an e-mail to rule-comments@sec.gov. Please include the File Number 1-13795 or;
Paper Comments
- Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549-1090.
All submissions should refer to File Number 1-13795. This file number should be included on the subject line if e-mail is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/delist.shtml). Comments are also available for public inspection and copying in the Commission's Public Reference Room. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly.
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.
Start SignatureFor the Commission, by the Division of Market Regulation, pursuant to delegated authority.[4]
Nancy M. Morris,
Secretary.
Footnotes
1. 15 U.S.C. 78 l (d).
Back to Citation3. 15 U.S.C. 78 1 (b).
Back to Citation[FR Doc. E6-3265 Filed 3-7-06; 8:45 am]
BILLING CODE 8010-01-P
Document Information
- Published:
- 03/08/2006
- Department:
- Securities and Exchange Commission
- Entry Type:
- Notice
- Document Number:
- E6-3265
- Pages:
- 11690-11690 (1 pages)
- Docket Numbers:
- File No. 1-13795
- EOCitation:
- of 2006-03-02
- PDF File:
- e6-3265.pdf