[Federal Register Volume 60, Number 240 (Thursday, December 14, 1995)]
[Notices]
[Page 64185]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30421]



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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (American Eco Corporation, Common Stock, No Par 
Value) File No. 1-10621

December 8, 1995.
    American Eco Corporation (``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, its Board of Directors approved 
resolutions on September 14, 1995 to withdraw the Security from listing 
on the Amex and instead, to list the Security on the National 
Association of Securities Dealers Automated Quotations National Market 
System (``Nasdaq/NMS''). The NASD approved the Company's application 
for initial inclusion on the Nasdaq/NMS on November 3, 1995.
    The decision of the Board followed a thorough study of the matter 
and was based upon the belief that listing the Security on the Nasdaq/
NMS will be more beneficial to the Company's shareholders than the 
present listing on the Amex for the following reasons:
    (a) The Company believes that the Nasdaq/NMS system of competing 
market makers will result in increased visibility and sponsorship for 
the Security than is presently available on the Amex;
    (b) The Company believes that the Nasdaq/NMS system will offer the 
Company's shareholders more liquidity than is presently available on 
the Amex and less volatility in quoted prices for share when trading 
volume is slight;
    (c) The Company believes that the Nasdaq/NMS system will offer an 
opportunity for the Company to secure its own group of market makers 
and to expand the capital base available for trading in the Security; 
and
    (d) The Company believes that the firms making a market in the 
Security on the Nasdaq/NMS system will also be inclined to issue 
research reports concerning the Company, thereby increasing the number 
of firms providing institutional research and advisory reports.
    Any interested person may, on or before January 2, 1996 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. 95-30421 Filed 12-13-95; 8:45 am]
BILLING CODE 8010-01-M