[Federal Register Volume 62, Number 78 (Wednesday, April 23, 1997)]
[Notices]
[Pages 19845-19846]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10436]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Donnelly Corporation, Class A Common Stock, $0.10
Par Value) File No. 1-9716
April 17, 1997.
Donnelly 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
security (``Security'') from listing and registration on the American
Stock Exchange, Inc. (``Amex'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
The Company has complied with Rule 18 of the Amex by filing with
such Exchange a certified copy of preambles and resolutions adopted by
the Company's Board of Directors authorizing the withdrawal of its
common stock from listing on the Amex and by setting forth in detail to
such Exchange the reasons for such proposed withdrawal, and the facts
in support thereof. The Company became listed for trading on the New
York Stock Exchange, Inc. (``NYSE'') pursuant to a Registration
Statement on Form 8-A effective March 6, 1997.
In making the decision to withdraw its common stock from listing on
the Amex, the Company considered: (a) that the Company believes that
the NYSE will offer the Company's shareholders more liquidity over time
than is presently available on the Amex; (b) that the Company believes
that listing on the NYSE will offer greater visibility for the Company
and its stock potential for greater institutional ownership; (c) that
as the Company becomes an increasingly international company, it
believes there will be advantages to having its stock listed on the
NYSE, and (d) many of the companies which it regards as peers or
leaders in its industry are listed on the NYSE.
Any interested person may, on or before May 8, 1997, 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
[[Page 19846]]
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. 97-10436 Filed 4-22-97; 8:45 am]
BILLING CODE 8010-01-M
