[Federal Register Volume 63, Number 93 (Thursday, May 14, 1998)]
[Notices]
[Page 26834]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-12858]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Teletouch Communications, Inc., Common Stock, $.001
Par Value; Class A Redeemable Common Stock Purchase Warrants) File No.
1-13436
May 8, 1998.
Teletouch Communications, Inc. (``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 Boston Stock Exchange, Inc. (``BSE'' or
``Exchange'').
The reasons cited in the application for withdrawing the Securities
form listing and registration include the following:
The Company's Securities have been listed for trading on the BSE
pursuant to a Registration Statement on Form 8-A which became effective
on December 23, 1994. Subsequently, pursuant to a Registration
Statement on Form 8-A, at the opening of business on April 6, 1998,
trading in the Securities commenced on the American Stock Exchange,
Inc. (``Amex'').
The Company has complied with all rules and requirements of the BSE
relating to the withdrawal of its Securities from listing and
registration on the BSE, setting forth in detail to the BSE the reasons
for and facts supporting such proposed withdrawal. In making the
decision to withdraw its Securities from listing and registration on
the BSE, the Company considered the direct and indirect costs and
expenses attendant on maintaining the dual listing of its Securities on
the Amex and the BSE. The Company does not see any particular advantage
in the dual trading of its Securities and believes that dual listing
would fragment the market for its Securities.
By letter dated April 24, 1998, from the Company's counsel to the
BSE, the Company set forth its reasons for seeking withdrawal
therefrom. By letter dated April 24, 1998, the BSE informed the Company
that it has no objection to the withdrawal of the Company's Securities
from listing and registration on the BSE.
By reason of Section 12(b) of the Act and the rules and regulations
thereunder, the company shall continue to be obligated to file reports
under Section 13 of the Act with the Commission and the Amex.
Any interested person may, on or before May 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. 98-12858 Filed 5-13-98; 8:45 am]
BILLING CODE 8010-01-M
