[Federal Register Volume 59, Number 72 (Thursday, April 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-8932]


[[Page Unknown]]

[Federal Register: April 14, 1994]


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SECURITIES AND EXCHANGE COMMISSION
 

Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (IBP, Inc., Common Stock, $.05 Par Value) File No. 1-
6085

April 8, 1994.
    IBP, 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 Pacific Stock Exchange, 
Inc. (``PSE'').
    The reasons alleged in the application for withdrawing this 
security from listing and registration include the following:
    According to the Exchange, the Company is currently listed on the 
New York Stock Exchange, Inc. (``NYSE'') and the Pacific Stock 
Exchange, Inc. IBP would like to delist from the PSE based on the low 
volume of trading and the costs associated with the PSE.
    Of the Company's total stock traded on the NYSE and PSE for 1993, 
only 1.3% of the trading occurred on the PSE. The Company has also 
determined that each trade on the PSE costs IBP about double the cost 
of a trade completed on the NYSE. Based on these figures, IBP has 
determined it should delist from the PSE.
    Any interested person may, on or before April 29, 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. 94-8932 Filed 4-13-94; 8:45 am]
BILLING CODE 8010-01-M