[Federal Register Volume 63, Number 126 (Wednesday, July 1, 1998)]
[Notices]
[Page 36003]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17433]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Oak Industries Inc., Common Stock, $.01 Par Value,
Together With Junior Preferred Stock Purchase Rights Expiring December
7, 2005) File No. 1-4474
June 24, 1998.
Oak Industries 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
Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
The reasons cited in the application for withdrawing the Securities
from listing and registration include the following:
The Securities currently are listed for trading on both the PCX and
New York Stock Exchange, Inc. (``NYSE'').
The Company complied with PCX Rule 3.4(b) by filing with the
Exchange a certified copy of resolutions adopted by the Company's Board
of Directors authorizing the withdrawal of the Securities from listing
and registration on the PCX and by setting forth in detail to the
Exchange the reasons and facts supporting the withdrawal.
In deciding to withdraw its Securities from listing and
registration on the PCX, the Company considered the administrative
burden of complying with the listing requirements and rules of
governance of both the PCX and the NYSE and the direct and indirect
costs and expenses attendant in maintaining the dual listing of the
Securities.
By letter dated June 3, 1998, the PCX informed the Company that it
had approved the Company's request to withdraw the Securities from
listing and registration on the PCX.
By reason of Section 12(b) of the Act and the rules and regulations
thereunder, the Company shall continue to be obligated to file reports
with the Commission and the NYSE under Section 13 of the Act.
Any interested person may, on or before July 16, 1998, 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 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. 98-17433 Filed 6-30-98; 8:45 am]
BILLING CODE 8010-01-M
