[Federal Register Volume 60, Number 85 (Wednesday, May 3, 1995)]
[Notices]
[Page 21837]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-10854]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Carrington Laboratories, Inc., Common Stock, $.01
Par Value and the Related Preferred Share Purchase Rights Issued
Pursuant to its Rights Agreement Dated September 19, 1991) File No. 1-
6395
April 27, 1995.
The Carrington Laboratories, 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 American Stock Exchange, Inc. (``Amex'').
The reasons alleged in the application for withdrawing the
Securities from listing and registration include the following:
According to the Company, its Board of Directors unanimously
approved resolutions on February 9, 1995 to withdraw the Securities
from listing on the Exchange and, instead, list the Securities on the
Nasdaq/NMS. The decision of the Board followed a lengthy study of the
matter, and was based upon the belief that listing of the Securities on
Nasdaq will be more beneficial to the Company and its stockholders than
the present listing on the Exchange because:
(a) The Nasdaq system of multiple, competing market makers will
provide the Company with increased visibility within the financial
community, thereby encouraging greater investor awareness of the
Company's activities;
(b) The Nasdaq system will enable the Company to attract its own
group of market makers and expand the capital base available for
purchases of the Securities;
(c) The Nasdaq system will stimulate increased demand for the
Securities and result in greater liquidity for the Company's
shareholders; and
(d) The firm making a market in the Securities on Nasdaq will be
more likely to issue research reports on the Company, which will
increase the availability of information about the Company and the
Securities and enhance the Company's visibility to investors.
Any interested person may, on or before May 18, 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 Amex 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. 95-10854 Filed 5-2-95; 8:45 am]
BILLING CODE 8010-01-M
