[Federal Register Volume 60, Number 158 (Wednesday, August 16, 1995)]
[Notices]
[Page 42639]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20255]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Tridex Corp.; Common Stock, No Par Value) File No.
1-5513
August 10, 1995.
Tridex 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, the Board of Directors of the Company
adopted resolutions on July 19, 1995 to withdraw the Security from
listing on the Amex and instead, to list such 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. According to the
Company, there seems to be a hesitance on the part of many trading
firms to trade or market the Security on the Amex. This, the Company
believes, has resulted in the usually thin trading in the Security. The
Company also believes money managers, taking a position in stock of
companies of our size, prefer to work with a specific market know and
trust, rather than deal with an Amex specialist. Further, the Company
believes that greater sponsorship is available in the Nasdaq/NMS
through market makers, and these market makers are more likely to issue
research reports on the Company. Overall, the Company believes that
listing on the Nasdaq/NMS will improve the visibility of the Company's
Security and enhance the corporate image.
Any interested person may, on or before August 31, 1995, 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 G. Katz,
Secretary.
[FR Doc. 95-20255 Filed 8-15-95; 8:45 am]
BILLING CODE 8010-01-M
