Applications, hearings, determinations, etc.: Turner Corp.,

[Federal Register: February 23, 1999 (Volume 64, Number 35)]

[Notices]

[Page 8892-8893]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr23fe99-135]

SECURITIES AND EXCHANGE COMMISSION

Issuer Delisting; Notice of Application to Withdraw From Listing and Registration; (The Turner Corporation, Common Stock, $1 Par Value, and Preferred Stock Purchase Rights) File No. 1-8719

February 16, 1999.

The Turner Corporation (``Company'') has filedan 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 American Stock Exchange, Inc. (``Amex'' or ``Exchange'').

The reasons cited in the application for withdrawing the Securities from listing and registration include the following:

The Securities of the Company have been listed for trading on the Amex and, pursuant to a Registration Statement on Form 8-A which became effective on December 11, 1998, on the New York Stock Exchange, Inc. (``NYSE''). Trading of the Company's Securities on the NYSE commenced at the opening of business on December 16, 1998, and concurrently therewith the Securities were suspended from trading on the Amex.

The Company has complied with Rule 18 of the Amex by filing with the

[[Page 8893]]

Exchange a certified copy of preambles and resolutions adopted by the Company's Board of Directors authorizing the withdrawal of its Securities from listing on the Amex and by setting forth in detail to the Exchange the reasons for the proposed withdrawal, and the facts in support thereof. In making the decision to withdraw its Securities from listing on the Amex, the Company considered, among other things, the potential increased liquidity for its Securities if the Securities were traded on the NYSE. The Exhange has informed the Company that it has no objection to the withdrawal of the Company's Securities from listing on the Amex.

The Company's application relates solely to the withdrawal from listing of the Company's Securities from the Amex and shall have no effect upon the continued listing of the Securities on the NYSE. By reason of Section 12(b) of the Act and the rules and regulations of the Commission thereunder, the Company shall continue to be obligated to file reports under Section 13 of the Act with the Commission and the NYSE.

Any interested person may, on or before, March 9, 1999, submit by letter to the Secretary of the Securities and Exchange Commission, 450 5th Street, N.W., Washington, D.C. 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. 99-4425Filed2-22-99; 8:45 am]

BILLING CODE 8010-01-M