[Federal Register Volume 60, Number 92 (Friday, May 12, 1995)]
[Notices]
[Page 25757]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-11708]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 1-6407]
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Southern Union Company, Common Stock, $1.00 Par
Value)
May 5, 1995.
The Southern Union Company (``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'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Company, in addition to being listed on the Amex,
the Security is listed on the New York Stock Exchange, Inc. (``NYSE'').
The Security commenced trading on the NYSE at the opening of business
on February 27, 1995, and concurrently therewith the Security was
suspended from trading on the Amex.
According to the Company, its Board of Directors determined that
listing on the NYSE would benefit both the Company, its shareholders
and its utility customers by broadening the potential investment
audience and providing greater liquidity for the Security.
In making the decision to withdraw the Security from listing on the
Amex, the Company considered the direct and indirect costs and expenses
attendant in maintaining the dual listing of the Security on the NYSE
and on the Amex. The Company does not see any particular advantage in
the dual trading of the Security and believes that dual listing would
fragment the market.
Any interested person may, on or before May 26, 1995, 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 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. 95-11708 Filed 5-11-95; 8:45 am]
BILLING CODE 8010-01-M
