[Federal Register Volume 59, Number 152 (Tuesday, August 9, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-19379]
[[Page Unknown]]
[Federal Register: August 9, 1994]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw from Listing
and Registration; (TII Industries, Inc., Common Stock, $.01 Par Value)
File No. 1-8048
August 3, 1994.
TII 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
security from listing and registration on the American Stock Exchange,
Inc. (``Amex'').
The reasons alleged in the application for withdrawing this
security from listing and registration include the following:
According to the Company, its Board of Directors (the ``Board'')
unanimously adopted resolution on July 6, 1993, to withdraw the
Company's Common Stock from listing on the Amex and, instead, list such
Common Stock on the National Association of Securities Dealers
Automated Quotations/National Market Systems (``NASDAQ/NMS'').
According to the Company, the Board of Directors believes that the
availability of multiple market makers afforded by NASDAQ/NMS, as
opposed to the one specialist system of the Exchange, is in the best
interests of the Company's stockholders by providing increased
visibility, liquidity and market depth for the Company's Common Stock.
The Company expects that these factors will become increasingly
important to it as the shares of Common Stock issued by the Company in
an August 1992 private placement become available for sale under the
provisions of Rule 144 promulgated under Securities Act of 1933, as
amended, beginning August 10, 1994.
Any interested person may, on or before August 24, 1994 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 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. 94-19379 Filed 8-8-94; 8:45 am]
BILLING CODE 8010-01-M
