[Federal Register Volume 63, Number 71 (Tuesday, April 14, 1998)]
[Notices]
[Page 18239]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-9807]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Cambrex Corporation, Common Stock, $.10 Par Value;
Common Stock Purchase Rights) File No. 1-10638
April 8, 1998.
Cambrex Corporation (``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
American Stock Exchange, Inc. (``Amex'' or ``Exchange'').
The reasons cited in the application for withdrawing the Securities
from listing and registration include the following:
The Securities also are listed for trading on the New York Stock
Exchange, Inc. (``NYSE'') pursuant to a Registration Statement Form 8-A
that became effective on February 11, 1998. Trading in the Securities
on the NYSE commenced on March 5, 1998.
The Company has complied with Amex Rule 18 by filing with the
Exchange a certified copy of the resolutions adopted by the Company's
Board of Directors authorizing the withdrawal of its Securities from
listing and registration on the Exchange and by setting forth in detail
to the Exchange the facts and reasons supporting the proposed
withdrawal.
In deciding to withdraw its Securities from listing and
registration on the Amex, the Company considered the costs and expenses
attendant on maintaining the dual-listing of its Securities on the NYSE
and the Amex. The Company does not see any particular advantage in the
dual-trading of its Securities and believes that the dual-listing may
fragment the market for its Securities.
By letter dated February 23, 1998, the Exchange informed the
Company that it would not object to the withdrawal of the Company's
Securities from listing and registration on the Amex.
By reason of Section 12(b) of the Act and the rules thereunder, the
Company shall continue to be obligated to file reports under Section 13
of the Act with the Commission and the NYSE.
Any interested person may, on or before April 29, 1998, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether
the application has been made in accordance with the rules of the
Exchange 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. 98-9807 Filed 4-13-98; 8:45 am]
BILLING CODE 8010-01-M
