96-14354. Issuer Delisting; Notice of Application To Withdraw From Listing and Registration; (INCSTAR Corporation, Common Stock, $.01 Par Value) File No. 1-9800

[Federal Register Volume 61, Number 111 (Friday, June 7, 1996)]
[Notices]
[Page 29154]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-14354]



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SECURITIES AND EXCHANGE COMMISSION

Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (INCSTAR Corporation, Common Stock, $.01 Par Value) 
File No. 1-9800

June 3, 1996.
    INCSTAR Corporation (``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 February 28, 1996 to withdraw the Security from 
listing on the Amex and instead, to list the Security 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 for the following reasons:
    (a) The Nasdaq/NMS system of competing market makers should result 
in increased visibility and sponsorship for the Security of the Company 
than is currently the case under the single specialist system on the 
Amex;
    (b) Greater liquidity and less volatility in prices per share when 
trading volume is light might be expected as a result of listing on the 
Nasdaq/NMS than is presently the case on the Amex;
    (c) Listing on the Nasdaq/NMS system might be expected to result in 
there being a greater number of market makers in the Security of the 
Company and expanded capital base available for trading in such stock; 
and
    (d) Because it might be expected that a larger number of firms will 
make a market in the Security, it might also be expected that there 
will be a greater interest in information and research reports 
respecting the Company and as a result there may be an increase in the 
number of institutional research and advisory reports reaching the 
investment community with respect to the Company.
    Any interested person may, on or before June 24, 1996 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 
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 F. Katz,
Secretary.
[FR Doc. 96-14354 Filed 6-6-96; 8:45 am]
BILLING CODE 8010-01-M