[Federal Register Volume 63, Number 187 (Monday, September 28, 1998)]
[Notices]
[Pages 51631-51632]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25822]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Specialty Teleconstructors, Inc., Common Stock, $.01
Par Value) File No. 1-13272
September 22, 1998.
Specialty Teleconstructors, 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 (``Security'') from listing and
registration on the Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
The Security is listed for trading on the PCX and the Nasdaq.
In making the decision to withdraw its Security from listing on the
Exchange, the Company considered the direct and indirect costs and
expenses attendant on maintaining the dual listing of its Security on
the Nasdaq and the PCX. The Company does not see any particular
advantage in the dual trading of its Security and believes that dual
listing would fragment the market for its Security.
The Company has complied with Exchange Rule 3.4 by filing with the
Exchange a certified copy of the resolutions adopted by the Company's
Board of Directors authorizing the withdrawal of its Security from
listing and registration on the Exchange and by setting forth in detail
to the Exchange the facts and reasons supporting the proposed
withdrawal.
By letter dated August 5, 1998, the Exchange informed the Company
that it
[[Page 51632]]
would not object to the withdrawal of the Company's Security from
listing and registration on the PCX.
This application relates solely to the withdrawal of the Company's
Security from listing on the Exchange and has no effect upon the
continued listing of the Security on the Nasdaq.
By reason of Section 12 of the Act and the rules and regulations
thereunder, the Company shall continue to be obligated to file reports
under Section 13 of the Act with the Commission and the Nasdaq.
Any interested person may, on or before October 13, 1998, 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. 98-25822 Filed 9-25-98; 8:45 am]
BILLING CODE 8010-01-M
