[Federal Register Volume 65, Number 159 (Wednesday, August 16, 2000)]
[Notices]
[Page 50034]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-20790]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw from Listing 
and Registration; (MAXXAM Inc., Common Stock, $4.50 Par Value,) File 
No. 1-03924

August 10, 2000.
    MAXXAM Inc. (``Company'') has filed applications with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 12(d) of the Security Exchange Act of 1934 (``Act'') \1\ and 
Rule 12d2-2(d) thereunder,\2\ to withdraw its Common Stock, $.50 par 
value (``Security''), from listing and registration on the Pacific 
Exchange, Inc. (``PCX'') and on the Philadelphia Stock Exchange, Inc. 
(``Phlx'')
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    In its filings with the Commission, the Company cited the following 
factors in support of the decision to withdraw its Security form 
listing and registration on the PCX and the Phlx:
    The Security is currently listed and registered on the American 
Stock Exchange LLC (``Amex'') as well as the PCX and Phlx. The Company 
believes that no advantage exists in maintaining listings for the 
Security on the regional exchanges and that these additional listings 
have resulted in unnecessary expenses to the Company not justified by 
the low volume of trading on the PCX and the Phlx.
    The Company has stated that it has complied with the respective 
rules of he PCX and Phlx governing withdrawals of securities. The PCX 
and Phlx have each in turn indicated to the Company that they have no 
objection to the Security's withdrawal.
    The Company's application relates solely to the withdrawal of the 
Security from listing and registration on the PCX and Phlx and shall 
have not effect upon the Security's continued listing and registration 
on the Amex. By reason of Section 12(b) of he 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\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78n.
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    Any interested person may, on or before August 31, 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 PCX and Phlx 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\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 00-20790 Filed 8-15-00; 8:45 am]
BILLING CODE 8010-01-M