[Federal Register: August 17, 1999 (Volume 64, Number 158)]
[Notices]               
[Page 44773]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr17au99-97]                         

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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-7183]

 
Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Tejon Ranch Co., Common Stock, Par Value $.50 Per 
Share)

August 9, 1999.
    Tejon Ranch Co. (``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 security specified 
above (``Security'') from listing and registration on the American 
Stock Exchange LLC (``Amex'' or ``Exchange'').
    The Security has been listed for trading on the Amex and, pursuant 
to a Registration Statement on form 8-A filed with the Commission which 
became effective on July 23, 1999, on the New York Stock Exchange, Inc. 
(``NYSE''). Trading in the Security on the NYSE commenced at the 
opening of business on July 28, 1999.
    The Company has complied with the rules of the Amex by filing with 
the Exchange a certified copy of the preambles and resolutions adopted 
by the Company's Board of Directors authorizing the withdrawal of its 
Security from listing on the Exchange and by setting forth in detail to 
the Amex the reasons for such proposed withdrawal, and the facts in 
support thereof. The Amex has in turn informed the Company that it has 
no objection to the withdrawal of the Company's Securities from listing 
on the Exchange.
    In making the decision to withdraw its Securities from listing on 
the Amex, the Company considered that (a) listing on the NYSE would 
likely increase the number of institutional investors able to purchase 
the Security; (b) listing on the NYSE would give the Company and its 
Security higher visibility in the investment community, which the 
Company believes would result in increased trading of shares of its 
Security and greater facility in raising equity capital; and (c) 
withdrawing the Security from listing on the Amex would avoid the 
direct and indirect costs arising from maintaining dual listings, as 
well as the resultant division of the market for the Security.
    The Company's application relates solely to the withdrawal of the 
Security from listing on the Amex and shall have no effect upon the 
continued listing of the Security on the NYSE. Moreover, by reason of 
Section 12(b) of the Act and the rules and regulations of the 
Commission thereunder, the Company shall continue to be obligated to 
file reports pursuant to Section 13 of the Act with the Commission and 
the NYSE.
    Any interested person may, on or before August 27, 1999, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, N.W., Washington D.C. 20549-0609, 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. 99-21275 Filed 8-16-99; 8:45 am]
BILLING CODE 8010-01-M