[Federal Register Volume 59, Number 116 (Friday, June 17, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14740]
[[Page Unknown]]
[Federal Register: June 17, 1994]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw from Listing
and Registration; (EastGroup Properties, Shares of Beneficial Interest,
$1.00 Par Value) File No. 1-7094
June 10, 1994.
EastGroup Properties (``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 from listing and registration on the American Stock Exchange,
Inc. (``Amex'').
The reasons alleged in the application for withdrawing these
securities from listing and registration include the following:
According to the Company, in addition to being listed on the Amex,
its Shares of Beneficial Interest are listed on the New York Stock
Exchange, Inc. (``NYSE''). The Company's Shares of Beneficial Interest
commenced trading on the NYSE at the opening of business on May 3,
1994, and concurrently therewith such securities were suspended from
trading on the Amex.
In making the decision to withdraw its Share of Beneficial Interest
from listing on the Amex, the Company considered the direct and
indirect costs and expenses attendant on maintaining the dual listing
of its Shares of Beneficial Interest on the NYSE and on the Amex. The
Company does not see any particular advantage in the dual trading of
its Shares of Beneficial Interest and believes that dual listing would
fragment the market for its Shares of Beneficial Interest.
Any interested person may, on or before July 1, 1994 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.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-14740 Filed 6-16-94; 8:45 am]
BILLING CODE 8010-01-M
