[Federal Register Volume 70, Number 93 (Monday, May 16, 2005)]
[Notices]
[Pages 25867-25868]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-2410]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of Avnet, Inc. To 
Withdraw Its Common Stock, $1.00 Par Value, From Listing and 
Registration on the Pacific Exchange, Inc. File No. 1-04224

May 9, 2005.
    On April 13, 2005, Avnet, Inc., a New York 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, $1.00 par value 
(``Security''), from listing and registration on the Pacific Exchange, 
Inc. (``PCX'').
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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 approved a 
resolution on November 12, 2004 to withdraw the Security from listing 
on the PCX. The Issuer stated the following reasons factored into the 
Board's decision to withdraw the Security from listing on the PCX:
    (1) The Issuer's request for withdrawal from listing on the PCX is 
voluntary and based on costs considerations. (2) The Issuer is 
currently listed on both the PCX and the New York Stock Exchange 
(``NYSE''), and has resolved to withdraw from listing its Security on 
the PCX in order to save listing fees and other associated costs. The 
Issuer stated that the Security will continue to list on the NYSE 
following its delisting from the PCX
    The Issuer stated that it has complied with PCX Rule 5.4(b) by 
providing the PCX with the required documents governing the withdrawal 
of securities from listing and registration on the PCX.
    The Issuer's application relates solely to the withdrawal of the 
Security from listing on the PCX and shall not affect its continued 
listing on the NYSE or its obligation to be registered under Section 
12(b) of the Act.\3\
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    \3\ 15 U.S.C. 78l(b).
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    Any interested person may, on or before May 31, 2005, comment on 
the facts bearing upon whether the

[[Page 25868]]

application has been made in accordance with the rules of PCX, 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

     Use the Commission's Internet comment form (http://www.sec.gov/rules/delist.shtml); or
     Send an e-mail to [email protected]. Please include 
the File Number 1-04224 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 1-04224. 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. 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.
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    \4\ 17 CFR 200.30-3(a)(1).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\4\
Jonathan G. Katz,
Secretary.
[FR Doc. E5-2410 Filed 5-13-05; 8:45 am]
BILLING CODE 8010-01-P