[Federal Register Volume 61, Number 116 (Friday, June 14, 1996)]
[Notices]
[Page 30264]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15110]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 1-10512]
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Del Global Technologies Corp., Common Stock, $.10
Par Value)
June 10, 1996.
Del Global Technologies Corp. (``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, its Board of Directors unanimously
approved resolutions on March 26, 1996 to withdraw the Security from
listing on the Amex and instead, to list the Securities on the National
Association of Securities Dealers Automated Quotations National Market
System (``Nasdaq/NMS'').
The decision of the Board followed a thorough study of the matter
and was based upon the belief that listing the Security on the Nasdaq/
NMS will be more beneficial to the Company's stockholders than the
present listing on the Amex because:
1. 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.
2. The Nasdaq system will enable the Company to attract its own
group of market makers and expand the capital base available for
purchases of its Security;
3. The Nasdaq system will, in the Company's directors' opinions,
stimulate increased demand for the Security and result in greater
liquidity for the Company's shareholders; and
4. The firm making a market in the Security on Nasdaq will be more
likely to institute and issue research reports on the Company, which
will increase the availability of information about the Company and
enhance the Company's visibility to investors.
Any interested person may, on or before July 1, 1996 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. 96-15110 Filed 6-13-96; 8:45 am]
BILLING CODE 8010-01-M
