[Federal Register: November 22, 2002 (Volume 67, Number 226)]
[Notices]
[Page 70470]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22no02-124]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration on the New York Stock Exchange, Inc. (Huntsman
Polymers Corporation, 11\3/4\% Senior Notes (due 2004)) File No. 1-9988
November 18, 2002.
Huntsman Polymers Corporation, a Delaware 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 11\3/4\% Senior Notes (due 2004) (``Security''), 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 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 Board of Directors (``Board'') of the Issuer approved
resolutions on October 15, 2002 to withdraw the Issuer's Security from
listing on the NYSE. In making its decision to withdraw the Issuer's
Security from the Exchange, the Issuer's Board notes that the debt
market for the Security is relatively small and offers significantly
less liquidity and price discovery to investors compared to the NYSE
equity market. In addition, the Board represents that competitive
market forces, influenced both by the costs associated with maintaining
the listing and by relative difference in trading volume, have made the
over-the-counter markets the dominant venue for trading debt
securities. The Issuer states that it is currently seeking quotation of
the Security on the over-the-counter markets.
The Issuer's application relates solely to the Security's
withdrawal from listing on the NYSE and from 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 December 12, 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 NYSE 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).
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 02-29762 Filed 11-21-02; 8:45 am]
BILLING CODE 8010-01-P