[Federal Register Volume 67, Number 50 (Thursday, March 14, 2002)]
[Notices]
[Page 11520]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-6163]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-13841]


Issuer Delisting; Notice of Application for Withdrawal From 
Listing and Registration on the American Stock Exchange LLC (the 
Rottlund Company, Inc., Common Stock, Par Value $.10 Per Share)

March 8, 2002.
    The Rottlund Company, 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) thereunder,\2\ to withdraw 
its Common Stock, par value, $.10 per share (``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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    On March 5, 2002, the Board of Directors of the Issuer (``Board'') 
approved a resolution to withdraw the Issuer's Security from the Amex. 
On January 24, 2002, the Issuer commenced a tender offer to purchase 
any and all of the outstanding shares of its Security, pursuant to the 
terms and conditions set forth in the Issuer's Tender Offer Statement 
filed with the Commission (the ``Offer''). The Offer expired on March 
6, 2002 and, as a result, the Issuer no longer meets Amex's required 
maintenance standards concerning the number of registered shareholders 
of the Security. In addition, the Issuer also cites the following 
reasons for withdrawal of its Security from the Amex; (i) the Security 
has had historically low trading prices and trading volume; (ii) the 
costs of remaining a publicly-traded company are significant; (iii) the 
Issuer has not been able to realize the benefits associated with being 
a publicly-traded company; and (iv) as a result of the merger, the 
Issuer will no longer have any public shareholders. Consequently, the 
Issuer has not made alternative arrangements for the trading of the 
Security following its delisting from the Amex.
    The Issuer stated in its application that it has met the 
requirements of Amex Rule 18 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. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before March 29, 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).

Jonathan G. Katz,
Secretary.
[FR Doc. 02-6163 Filed 3-13-02; 8:45 am]
BILLING CODE 8010-01-P