[Federal Register: January 20, 1999 (Volume 64, Number 12)]
[Notices]               
[Page 3142]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20ja99-102]

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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-14472]

 
Issuer Delisting; Notice of Application to Withdraw from Listing 
and Registration; (Cornell Corrections, Inc., $0.001 Par Value Common 
Stock)

January 13, 1999.
    Cornel Corrections, Inc. (``Company'') has filed an application 
with the Securities and Exchange Commission (``Commission''), pursuant 
to Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and 
Rule 12d2-2(d) promulgated thereunder, to withdraw the above specified 
security (``Security'') from listing and registration on the American 
Stock Exchange, Inc. (``Amex'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    The Security of the Company has been listed for trading on the Amex 
and, pursuant to a Registration Statement on Form 8-A which became 
effective on December 7, 1998, on the New York Stock Exchange, Inc. 
(``NYSE''). Trading of the Company's Security on the NYSE commenced at 
the opening of business on December 10, 1998, and concurrently 
therewith the stock was suspended from trading on the Amex.
    The Company has complied with Rule 18 of the Amex by filing with 
the Exchange a certified copy of preambles and resolutions adopted by 
the Company's Board of Directors authorizing the withdrawal of its 
Security from listing on the Amex and by setting forth in detail to the 
Exchange the reasons for the proposed withdrawal, and the facts in 
support thereof. In making the decision to withdraw its Security from 
listing on the Amex, the Company considered direct and indirect costs 
and the division of the market resulting from dual listing on the Amex 
and NYSE.
    The Exchange has informed the Company that it has no objection to 
the withdrawal of the Company's Security from listing on the Amex.
    This application relates solely to the withdrawal from listing of 
the Company's Security from the Amex and shall have no effect upon the 
continued listing of the Security on the NYSE.
    Any interested person may, on or before February 4, 1999, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, D.C. 20549, facts bearing upon whether 
the application has been made in accordance with the rules of the 
Exchange 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.
Jonathan G. Katz,
Secretary.
[FR Doc. 99-1207 Filed 1-19-99; 8:45 am]
BILLING CODE 8010-01-M