99-16083. Issuer Delisting; Notice of Application To Withdraw From Listing and Registration; (Bestfoods, Common Stock, Par Value $.25)

[Federal Register Volume 64, Number 121 (Thursday, June 24, 1999)]
[Notices]
[Page 33936]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-16083]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-4199]


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Bestfoods, Common Stock, Par Value $.25)

June 18, 1999.
    Bestfoods (``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 Chicago 
Stock Exchange, Incorporated (``CHX'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    The Security has been listed for trading on the CHX and the New 
York Stock Exchange (``NYSE''). The Company, having considered all the 
direct and indirect costs arising from maintaining these multiple 
listings, determined to withdraw the Security from listing on the CHX 
and maintain its listing on the NYSE.
    The Company has complied with the rules of the CHX by filing with 
the Exchange a certified copy of resolutions adopted by the Company's 
Board of Directors authorizing withdrawal of its Security from listing 
on the CHX as well as correspondence setting forth in detail to the 
Exchange the reasons for such proposed withdrawal, and the facts in 
support thereof.
    The Exchange has informed the company that it has no objection to 
the withdrawal of the Company's Security from listing on the Exchange.
    This application relates solely to the withdrawal of the Security 
by the Company from listing on the CHX and shall have no effect upon 
the continued listing of such Security on the NYSE. By reason of 
Section 12(b) of the Act and the rules and regulations of the 
Commission thereunder, the Company shall continue to be obligated to 
file reports under Section 13 of the Act with the Commission and with 
the NYSE.
    Any interested person may, on or before July 9, 1999, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, N.W., Washington, D.C. 20549-0609, 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. 99-16083 Filed 6-23-99; 8:45 am]
BILLING CODE 8010-01-M