[Federal Register Volume 64, Number 76 (Wednesday, April 21, 1999)]
[Notices]
[Pages 19572-19573]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-9909]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Unocal Corporation, Common Stock, Par Value $1.00,
and Associated Preferred Stock Purchase Rights) File No. 1-8483
April 14, 1999.
Unocal 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
Chicago Stock Exchange, Incorporated (``CHX'') and
[[Page 19573]]
the Pacific Exchange, Inc. (``PCX'') (collectively, the CHX and the
PCX shall be referred to herein as the ``Exchanges'').
The reasons cited in the application for withdrawing the Securities
from listing and registration on the Exchanges include the following:
The Securities of the Company have been listed for trading on the
CHX, the PCX and the New York Stock Exchange, Inc. (``NYSE''). The
Board of Directors of the Company has authorized withdrawing the
Securities from the CHX and the PCX in order to eliminate the costs
associated with such listings. These costs include both annual
maintenance fees for listed shares and fees for listing additional
shares.
The Company has complied with the rules of each Exchange by filing
with them certified copies of the resolutions adopted by the Company's
Board of Directors authorizing the withdrawal of its Securities from
listing on the Exchanges and by setting forth in detail to the
Exchanges the reasons for the proposed withdrawal, and the facts in
support thereof.
Both CHX and the PCX have informed the Company that they have no
objections to the Company's application to withdraw its Securities from
listing on the Exchanges.
The Company's application relates solely to the withdrawal of its
Securities from listing on the CHX and the PCX and shall have no effect
upon the continued listing of the Securities on the NYSE. By reason of
Section 12(b) of the Act and the rules and regulations of the
Commission thereunder, the Company shall continue to be obligated to
file reports under Section 13 of the Act with the Commission and with
the NYSE.
Any interested person may, on or before May 5, 1999, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, NW, Washington, DC 20549-0609, 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. 99-9909 Filed 4-20-99; 8:45 am]
BILLING CODE 8010-01-M
