[Federal Register Volume 60, Number 178 (Thursday, September 14, 1995)]
[Notices]
[Page 47792]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-22845]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Handleman Company, Common Stock $(0.01 Par Value)
No. 1-7923
September 8, 1995.
Handleman Company (``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
Chicago Stock Exchange, Incorporated (``CHX'') and the Pacific Stock
Exchange Incorporated (``PSE'').
The reasons alleged in the application for withdrawing the
Securities from listing and registration include the following:
According to the Company, the Executive Committee of the Board of
Directors of the Company (``Committee''), pursuant to lawfully
delegated authority, unanimously approved a resolution on April 26,
1995 to withdraw the Security's listing on the CHX and the PSE and to
maintain its listing and registration on the New York Stock Exchange,
Inc. (``NYSE''). The decision of the Committee followed a study of the
matter, and was based upon the belief that the listings on the CHX and
the PSE were no longer beneficial to the Company because: (1) Listing
the Security on the CHX, the PSE, and the NYSE was no longer cost
effective in light of the low annual trading volume of the Security on
the CHX and the PSE; (2) the presence of a substantial national and
liquid market for the Security on the NYSE; and (3) the continuing need
for the Company to reduce the costs of doing business in the current
competitive environment in which the Company operates.
Any interested person may, on or before September 29, 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. 95-22845 Filed 9-13-95; 8:45 am]
BILLING CODE 8010-01-M
