[Federal Register Volume 69, Number 221 (Wednesday, November 17, 2004)]
[Notices]
[Page 67373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E4-3193]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-07635]


Issuer Delisting; Notice of Application of Twin Disc, 
Incorporated To Withdraw Its Common Stock, No Par Value, and Its 
Preferred Stock Purchase Rights, From Listing and Registration on the 
New York Stock Exchange, Inc.

November 10, 2004.
    On October 19, 2004, Twin Disc, Incorporated, a Wisconsin 
corporation (``Issuer''), 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, no par value, and its 
preferred stock purchase rights (``Securities''), from listing and 
registration on the New York Stock Exchange, Inc. (``NYSE'' 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 Board of Directors (``Board'') of the Issuer unanimously 
approved a resolution on April 16, 2004 to withdraw the Issuer's 
Securities from listing on the NYSE and to list the Securities on the 
Nasdaq Stock Market (``Nasdaq''). The Board states that the following 
reason factored into its decision to withdraw the Issuer's Securities 
from the Exchange and to list on the Nasdaq: In February 2004, the NYSE 
informed the Issuer of the NYSE's decision to change its continued 
quantitative listing standards. Among other changes, the NYSE proposed 
to increase the minimum market capitalization and shareholders' equity 
requirements of companies listed on the Exchange.\3\ The Issuer's 
Security began trading on the Nasdaq on October 21, 2004.
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    \3\ See Securities Exchange Act Release No. 49917 (June 25, 
2004), 69 FR 40439 (July 2, 2004) (File No. SR-NYSE-2004-20).
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    The Issuer stated in its application that it has complied with all 
the applicable laws in effect in Wisconsin, in which it is 
incorporated, and with the NYSE's rules governing an issuer's voluntary 
withdrawal of a security from listing and registration. The Issuer 
stated in its application that it has met the requirements of the NYSE 
rules governing an issuer's voluntary withdrawal of a security from 
listing and registration.
    The Issuer's application relates solely to the Securities' 
withdrawal from listing on the NYSE and from registration under Section 
12(b) of the Act,\4\ and shall not affect its obligation to be 
registered under Section 12(g) of the Act.\5\
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    \4\ 15 U.S.C. 78l(b).
    \5\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before December 7, 2004, comment 
on the facts bearing upon whether the application has been made in 
accordance with the rules of the NYSE, and what terms, if any, should 
be imposed by the Commission for the protection of investors. All 
comment letters may be submitted by either of the following methods:

Electronic Comments

     Send an e-mail to [email protected]. Please include 
the File Number 1-07635 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW., 
Washington, DC 20549-0609.
    All submissions should refer to File Number 1-07635. This file 
number should be included on the subject line if e-mail is used. To 
help us process and review your comments more efficiently, please use 
only one method. The Commission will post all comments on the 
Commission's Internet Web site (http://www.sec.gov/rules/delist.shtml). 
Comments are also available for public inspection and copying in the 
Commission's Public Reference Room, 450 Fifth Street, NW., Washington, 
DC 20549. All comments received will be posted without change; we do 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly.
    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.\6\
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    \6\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. E4-3193 Filed 11-16-04; 8:45 am]
BILLING CODE 8010-01-P