[Federal Register Volume 60, Number 178 (Thursday, September 14, 1995)]
[Notices]
[Pages 47794-47795]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-22846]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Package Machinery Company, Common Stock, $1.00 Par
Value) File No. 1-9675
September 8, 1995.
Package Machinery Company (``Company'') has filed an application
with the Securities and Exchange Commission (``Commission''), pursuant
[[Page 47795]]
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 Boston
Stock Exchange, Inc. (``BSE'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Company, the Company believes that the continued
listing and registration of the Security is not consistent with its
status as a company in the process of liquidation and, further, the
costs associated therewith outweigh the benefits thereof to both the
Company and its shareholders. On February 7, 1995, the shareholders of
the Company approved a plan of dissolution and liquidation of the
Company. As a result, the Company is currently in the process of
selling its remaining businesses, liquidating its assets, and paying
its liabilities. In addition, the Company recently completed an odd-lot
tender offer to purchase all of the shares of the Security held by
shareholders who owned less than 100 shares of the Security. This
resulted in the reduction of the number of shareholders of record of
the Company to approximately 267 shareholders as of September 1, 1995.
Based upon the foregoing, the Company believes it is in the best
interest of the Company and its shareholders to withdraw the Security
from listing and registration under the Act.
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 95-22846 Filed 9-13-95; 8:45 am]
BILLING CODE 8010-01-M
