[Federal Register Volume 64, Number 158 (Tuesday, August 17, 1999)]
[Notices]
[Page 44773]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-21275]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 1-7183]
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Tejon Ranch Co., Common Stock, Par Value $.50 Per
Share)
August 9, 1999.
Tejon Ranch Co. (``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 security specified
above (``Security'') from listing and registration on the American
Stock Exchange LLC (``Amex'' or ``Exchange'').
The Security has been listed for trading on the Amex and, pursuant
to a Registration Statement on form 8-A filed with the Commission which
became effective on July 23, 1999, on the New York Stock Exchange, Inc.
(``NYSE''). Trading in the Security on the NYSE commenced at the
opening of business on July 28, 1999.
The Company has complied with the rules of the Amex by filing with
the Exchange a certified copy of the preambles and resolutions adopted
by the Company's Board of Directors authorizing the withdrawal of its
Security from listing on the Exchange and by setting forth in detail to
the Amex the reasons for such proposed withdrawal, and the facts in
support thereof. The Amex has in turn informed the Company that it has
no objection to the withdrawal of the Company's Securities from listing
on the Exchange.
In making the decision to withdraw its Securities from listing on
the Amex, the Company considered that (a) listing on the NYSE would
likely increase the number of institutional investors able to purchase
the Security; (b) listing on the NYSE would give the Company and its
Security higher visibility in the investment community, which the
Company believes would result in increased trading of shares of its
Security and greater facility in raising equity capital; and (c)
withdrawing the Security from listing on the Amex would avoid the
direct and indirect costs arising from maintaining dual listings, as
well as the resultant division of the market for the Security.
The Company's application relates solely to the withdrawal of the
Security from listing on the Amex and shall have no effect upon the
continued listing of the Security on the NYSE. Moreover, 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 pursuant to Section 13 of the Act with the Commission and
the NYSE.
Any interested person may, on or before August 27, 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. 99-21275 Filed 8-16-99; 8:45 am]
BILLING CODE 8010-01-M
