[Federal Register Volume 62, Number 150 (Tuesday, August 5, 1997)]
[Notices]
[Page 42150]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-20507]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Notice of Application To Withdraw From Listing and Registration
on the American Stock Exchange Issuer Delisting; Notice of Application
To Withdraw From Listing and Registration; (Patriot American
Hospitality, Inc. and Patriot American Hospitality Operating Company,
Common Stock, $.01 Par Value) File No. 1-13898
July 30, 1997.
Patriot American Hospitality, Inc. and Patriot American Hospitality
Operating Company (``Company'') have 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12d2-2(d) promulgated thereunder, to withdrawn the above specified
security (``Security'') from listing and registration on the America
Stock Exchange, Inc. (``Amex'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
On July 1, 1997, the Company merged with and into California Jockey
Club (``Cal Jockey''). Cal Jockey, the surviving company, changed its
name to Patriot American Hospitality, Inc. Prior to the merger, the
common stock of Bay Meadows Operating Company (``Bay Meadows'') were
paired and traded as a single unit on the Amex.
As a condition of the Merger, the Company agreed to list the paired
shares on the New York Stock Exchange (``NYSE''). The post-merger
paired shares began trading on the NYSE on July 2, 1997. In determining
to withdraw the security from listing, the Company considered the added
costs of being listed on both the Amex and the NYSE and the added
difficulty of complying with the reporting and other requirements of
the two exchanges.
The Company complied with Rule 18 of the Amex by filing with the
Amex a certified copy of preambles and resolutions adopted by the
respective Boards of Directors prior to the merger, which authorized
the withdrawal of the pre-merger paired shares from listing on the Amex
and by setting forth in detail to the Amex the reasons for such
proposed withdrawal, and the facts in support thereof. By letter dated
July 1, 1997, the Amex informed the Company that the Exchange does not
intend to object to the Company's filing of an application to withdraw
its Security from listing and registration.
Any interested person may, on or before August 20, 1997, 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. 97-20507 Filed 8-4-97; 8:45 am]
BILLING CODE 8010-01-M
