[Federal Register Volume 65, Number 40 (Tuesday, February 29, 2000)]
[Notices]
[Pages 10845-10846]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-4696]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[File No. 1-8309]


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Price Communications Corporation, Voting Common 
Stock, $.01 Par Value, and Common Stock Purchase Rights)

February 23, 2000.
    Price Communications 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'') \1\ and Rule 12d2-2(d) thereunder,\2\ to withdraw 
the securities specified above (``Securities'') from listing and 
registration on the American Stock Exchange LLC (``Amex'').
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
---------------------------------------------------------------------------

    In addition to being listed on the Amex, the Securities recently 
became listed on the New York Stock Exchange, Inc. (``NYSE''), pursuant 
to a Registration Statement on Form 8-A filed with the Commission on 
February 8, 2000. Trading in the Company's Common Stock commenced on 
the NYSE, and was simultaneously suspended on the Amex, at the opening 
of business on February 17, 2000.

[[Page 10846]]

    The Company has complied with Amex Rule 18 by filing with the Amex 
a certified copy of the preambles and resolutions adopted by the 
Company's Board of Directors authorizing the withdrawal of its 
Securities from listing and registration on the Amex and by setting 
forth in detail to the Amex the reasons for such proposed withdrawal 
and the facts in support thereof. The Amex has in turn informed the 
Company that it has no objection to the proposed withdrawal of the 
Company's Securities from listing and registration on the Amex.
    In making the decision to withdraw the Securities from listing and 
registration on the Amex, the Company hopes to avoid the direct and 
indirect costs of maintaining listings simultaneously on two exchanges. 
The Company does not see any particular advantage to having its 
Securities trade on two exchanges and believes that this dual trading 
would result in a fragmentation of the market for its Securities.
    The Company's application relates solely to the withdrawal of the 
Securities from listing and registration on the Amex and shall have no 
effect upon the Securities' continued listing and registration on the 
NYSE. By reason of Section 12(b) of the Act \3\ and the rules and 
regulations of the Commission thereunder, the Company shall continue to 
be obligated to file reports with the Commission under Section 13 of 
the Act.\4\
---------------------------------------------------------------------------

    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78m.
---------------------------------------------------------------------------

    Any interested person may, on or before March 15, 2000, 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 
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.\5\
---------------------------------------------------------------------------

    \5\ 17 CFR 200.30-3(a)(1).
---------------------------------------------------------------------------

Jonathan G. Katz,
Secretary.
[FR Doc. 00-4696 Filed 2-28-00; 8:45 am]
BILLING CODE 8010-01-M