[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