[Federal Register Volume 60, Number 195 (Tuesday, October 10, 1995)]
[Notices]
[Page 52718]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25024]



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SECURITIES AND EXCHANGE COMMISSION
[File No. 1-9389]


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Charter Power Systems, Inc., Common Stock, $.01 Par 
Value)

October 3, 1995.
    Charter Power 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 (``Security'') from listing and registration on the American 
Stock Exchange, Inc. (``Amex'').
    The reasons alleged in the application for withdrawing the Security 
from listing and registration include the following:
    According to the Company, the Board of Directors of the Company 
adopted resolutions on September 1, 1995 to withdraw the Security from 
listing on the Amex and instead, to list such Security on the National 
Association of Securities Dealers Automated Quotations National Market 
System (``Nasdaq/NMS'').
    The decision of the Board followed an extensive exploration of 
means to enhance stockholder value, and was based upon the belief that 
the listing of the Security on the Nasdaq/NMS would be more beneficial 
to the Company's stockholders than the present listing on the Amex. The 
move was prompted by the perception that the multiple market maker 
system employed by the Nasdaq/NMS will increase visibility and 
liquidity of the Security. In addition, the Company believes that, 
given the increasing focus of the Company's business on 
telecommunications reserve power systems and power electronics, the 
Nasdaq/NMS will provide a more comparable peer group than the Amex.
    Any interested person may, on or before October 25, 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. 95-25024 Filed 10-6-95; 8:45 am]
BILLING CODE 8010-01-M