[Federal Register Volume 59, Number 118 (Tuesday, June 21, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14985]


[[Page Unknown]]

[Federal Register: June 21, 1994]


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SECURITIES AND EXCHANGE COMMISSION
 

Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Advanced NMR Systems, Inc., Common Stock, $0.01 Par 
Value) File No. 1-7694

June 14, 1994.
    Advanced NMR Systems, 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 Board of Directors of the Company 
(the ``Board''), pursuant to lawfully delegated authority, unanimously 
approved resolutions on January 14, 1994 to withdraw the Company's 
Common Stock from listing on the PSE and the Boston Stock Exchange, 
Inc. (``BSE'') (a separate application for delisting was filed with the 
Commission by the BSE on February 7, 1994). The decision of the Board 
was based upon the belief that the listing of the Common Stock on the 
PSE was no longer beneficial to the Company, as the Company and its 
stockholders can achieve increased market visibility through 
registration on the NASDAQ National Market System (``NMS''). At the end 
of 1993, the Company met the NMS eligibility standards, and a listing 
thereon was approved by NASDAQ by letter dated February 2, 1993, a copy 
of which is attached to the application as Exhibit 1. The Board 
believes that the Company will achieve greater investor access through 
national trading of its shares, and will maintain access through the 
NMS to many of the same West Coast-based investor markets that it 
currently has as a result of its association with the PSE. It is 
primarily due to this potential redundancy that the Company seeks to 
delist its shares on the PSE.
    Any interested person may, on or before July 6, 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. 94-14985 Filed 6-20-94; 8:45 am]
BILLING CODE 8010-01-M