[Federal Register Volume 64, Number 69 (Monday, April 12, 1999)]
[Notices]
[Pages 17696-17697]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-9012]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Bestfoods, Common Stock, Par Value $.25) File No. 1-
4199

April 5, 1999.
    Bestfoods (``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 Pacific 
Exchange, Inc. (``PCX'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    The Security is currently listed for trading on the PCX, the 
Chicago Stock Exchange, and the New York Stock Exchange (``NYSE''). The 
Company has considered all the direct and indirect costs arising from 
maintaining these multiple listings and has determined to withdraw the 
Security from listing on the PCX and maintain its listing on the NYSE.
    The Company has complied with the rules of the PCX by filing with 
the Exchange a certified copy of resolutions adopted by the Company's 
Board of Directors authorizing withdrawal of its Security from listing 
on the PCX as well as correspondence setting forth in detail to the 
Exchange the reasons for such proposed withdrawal, and the facts in 
support thereof.
    The Exchange has informed the Company that it has no objection to 
the withdrawal of the Company's Security from listing on the Exchange.
    This application relates solely to the withdrawal of the Security 
by the Company from listing on the PCX and shall have no effect upon 
the continued listing of such Security 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 with 
the NYSE.
    Any interested person may, on or before April 26, 1999, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW, Washington, DC 20549-0609, 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

[[Page 17697]]

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.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-9012 Filed 4-9-99; 8:45 am]
BILLING CODE 8010-01-M