[Federal Register Volume 71, Number 50 (Wednesday, March 15, 2006)]
[Notices]
[Page 13439]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-3696]
[[Page 13439]]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 1-14625]
Issuer Delisting; Notice of Application of Host Marriott
Corporation To Withdraw Its Common Stock, $.01 Par Value and Purchase
Share Rights for Series A Junior Participating Preferred Stock, $.01
Par Value, From Listing and Registration on the Pacific Exchange, Inc.
March 9, 2006.
On March 3, 2006, Host Marriott Corporation, a Maryland 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, $.01 par value, and
purchase share rights for series A junior participating preferred
stock, $.01 par value (collectively ``Securities''), 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'') approved resolutions on February
9, 2006, to delist the Securities from listing and registration on PCX.
The Issuer stated that the following reasons factored into the Board's
decision: (i) There is very little activity in the Securities on PCX;
(ii) the low trading volume of the Securities on PCX does not justify
the expense of continued listing, and such continued listing is
considered by the Board to be a misuse of corporate resources; and
(iii) the Securities are listed on the New York Stock Exchange, Inc.
(``NYSE'') and will continue to be listed on NYSE.
The Issuer stated in its application that it has complied with
applicable rules of PCX by complying with all applicable laws in effect
in the State of Maryland, the state in which it is incorporated, and by
providing PCX with the required documents governing the withdrawal of
securities from listing and registration on PCX.
The Issuer's application relates solely to the withdrawal of the
Securities from listing on PCX and shall not affect their continued
listing on NYSE, the Chicago Stock Exchange, Inc. (``CHX''),\3\ or
their obligation to be registered under Section 12(b) of the Act.\4\
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\3\ The Issuer filed an application with the Commission to
withdraw the Securities from listing and registration on CHX on
March 3, 2006. Notice of such application will be published
separately.
\4\ 15 U.S.C. 78l(b).
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Any interested person may, on or before April 3, 2006, comment on
the facts bearing upon whether the 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
Send an e-mail to [email protected]. Please include
the File Number 1-14625 or;
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number 1-14625. 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.
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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Nancy M. Morris,
Secretary.
[FR Doc. E6-3696 Filed 3-14-06; 8:45 am]
BILLING CODE 8010-01-P