[Federal Register Volume 67, Number 29 (Tuesday, February 12, 2002)]
[Notices]
[Pages 6552-6553]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-3306]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-15563]


Issuer Delisting; Notice of Application To Withdraw from Listing 
and Registration on the American Stock Exchange LLC (IPI, Inc., Common 
Stock, $.01 Par Value)

February 5, 2002.
    IPI, Inc., a Minnesota corporation (``Issuer''), 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) hereunder,\2\ to withdraw 
its Common Stock, $.01 par value (``Security''), from listing and 
registration on the American Stock Exchange LLC (``Amex'' or 
``Exchange'')
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer stated in its application that it has met the 
requirements of

[[Page 6553]]

Amex Rule l8 by complying with all applicable laws in effect in the 
state of Minnesota, in which it is incorporated, and with the Amex's 
rules governing an issuer's voluntary withdrawal of a security from 
listing and registration. The Issuer's application relates solely to 
the Security's withdrawal from listing and registration under section 
12(b) of the Act \3\ and shall not affect its obligation to be 
registered under section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 781(b).
    \4\ 15 U.S.C. 781(g).
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    On January 15, 2002, the Board of Directors of the Issuer 
(``Board'') approved a resolution to withdraw the Issuer's Security 
from the Amex. On January 31, 2002, the Issuer held a special meeting 
of its shareholders to approve and adopt a plan of liquidation and 
dissolution of the Issuer that will authorize: (i) The sale of the 
assets of the Issuer and the distribution to shareholders pursuant to 
the plan; (ii) the deregistration of the Issuer's Security under the 
Act; and (iii) the dissolution of the Issuer pursuant to the Minnesota 
Business Corporation Act. The Board believes it advisable and in the 
best interest of the Issuer to withdraw its Security from listing and 
registration on the Amex in connection with the plan of liquidation and 
resolution.
    Any interested person may, on or before February 28, 2002 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 Amex 
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. 02-3306 Filed 2-11-02; 8:45 am]
BILLING CODE 8010-01-P