[Federal Register Volume 64, Number 18 (Thursday, January 28, 1999)]
[Notices]
[Page 4477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-1999]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration; (ABM Industries Incorporated, Common Stock, $0.01 Par 
Value, and Preferred Stock Purchase Rights) File No. 1-8929

January 22, 1999.
    ABM Industries Incorporated (``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 
securities (``Securities'') from listing and registration on the 
Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Securities 
from listing and registration include the following:
    The Securities of the Company are currently listed for trading on 
the PCX and the New York Stock Exchange, Inc. (``NYSE''). The Company 
has complied with Rule 3.4(b) of the PCX by filing with the Exchange a 
certified copy of the resolutions adopted by the Board of Directors and 
by the Executive Committee of the Board of Directors authorizing the 
withdrawal, and in an accompanying letter to the Exchange has stated 
the reasons for the proposed withdrawal. In making the decision to 
withdraw from listing on the PCX, the Company considered the direct and 
indirect costs and expenses attendant on maintaining the dual listing 
of its Securities. The Company does not see any particular advantage in 
the dual trading of its Securities. The Company has also determined 
that the average daily volume of trading in its Securities on the 
Exchange is under 900 shares, or less than 3% of the total number of 
shares traded.
    The Exchange has informed the Company that it has approved the 
Company's request to be removed from listing and registration on the 
Exchange.
    This Application relates solely to the withdrawal from listing of 
the Company's Securities from the Exchange and shall have no effect 
upon the continued listing of such Securities on the NYSE. By reason of 
Section 12(b) of the Act and the rules and regulations of the 
Commission, the Company shall continue to be obligated to file reports 
under Section 13 of the Act with the Commission and the NYSE.
    Any interested person may, on or before February 12, 1999, 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 Exchange 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. 99-1999 Filed 1-27-99; 8:45 am]
BILLING CODE 5010-01-M