[Federal Register Volume 64, Number 35 (Tuesday, February 23, 1999)]
[Notices]
[Pages 8892-8893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-4425]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration; (The Turner Corporation, Common Stock, $1 Par Value, 
and Preferred Stock Purchase Rights) File No. 1-8719

February 16, 1999.
    The Turner 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 
securities (``Securities'') from listing and registration on the 
American Stock Exchange, Inc. (``Amex'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Securities 
from listing and registration include the following:
    The Securities of the Company have been listed for trading on the 
Amex and, pursuant to a Registration Statement on Form 8-A which became 
effective on December 11, 1998, on the New York Stock Exchange, Inc. 
(``NYSE''). Trading of the Company's Securities on the NYSE commenced 
at the opening of business on December 16, 1998, and concurrently 
therewith the Securities were suspended from trading on the Amex.
    The Company has complied with Rule 18 of the Amex by filing with 
the

[[Page 8893]]

Exchange a certified copy of preambles and resolutions adopted by the 
Company's Board of Directors authorizing the withdrawal of its 
Securities from listing on the Amex and by setting forth in detail to 
the Exchange the reasons for the proposed withdrawal, and the facts in 
support thereof. In making the decision to withdraw its Securities from 
listing on the Amex, the Company considered, among other things, the 
potential increased liquidity for its Securities if the Securities were 
traded on the NYSE. The Exhange has informed the Company that it has no 
objection to the withdrawal of the Company's Securities from listing on 
the Amex.
    The Company's application relates solely to the withdrawal from 
listing of the Company's Securities from the Amex and shall have no 
effect upon the continued listing of the Securities on the NYSE. By 
reason of Section 12(b) of the Act and the rules and regulations of the 
Commission thereunder, 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, March 9, 1999, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
5th 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. 99-4425 Filed 2-22-99; 8:45 am]
BILLING CODE 8010-01-M