[Federal Register: October 22, 1999 (Volume 64, Number 204)]
[Notices]               
[Page 57160-57161]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22oc99-102]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Issuer Delisting; Notice of Application to Withdraw from Listing 
and Registration; (Starwood Hotels & Resorts Worldwide, Inc., Common 
Stock, Par Value $.01 Per Share; Preferred Stock Purchase Rights; and 
Class B Shares of Beneficial Interest, Par Value $.01 Per Share) File 
No. 1-7959

October 18, 1999.
    Starwood Hotels & Resorts Worldwide, 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 securities (``Securities'') from listing 
and registration on the Pacific Exchange, Inc. (``PCX''or 
``Exchange''.) \1\
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    \1\ Notice of this application was previously issued by the 
Commission as Securities Exchange Act Release No. 41902 on September 
22, 1999. Such notice, however, failed to appear in the Federal 
Register, as required, and so is being reissued.
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    The reasons cited in the application for withdrawing the Securities 
from listing and registration include the following:
    The Company maintains that it derives no advantage from having its 
Securities listed on the PCX. The Securities are also currently listed 
on the New York Stock Exchange, Inc. (``NYSE'') where they trade 
together as a unit. The Company represents that the bulk of the trading 
in the Securities occurs on the NYSE. In view of the comparatively low 
level of trading in the Securities on the PCX, the Company has 
determined that the expenses attributable to maintaining their listing 
and registration on the PCX are not in the best interests of the 
Company or its shareholders.
    The Company has complied with the rules of the PCX by filing with 
the Exchange a certified copy of resolutions adopted by the Company's 
Board of Directors authorizing withdrawal of its Securities from 
listing on the PCX as well as correspondence setting forth in detail to 
the Exchange the reasons for such proposed withdrawal, and the facts in 
support thereof.

[[Page 57161]]

    The Exchange has informed the Company that it has no objection to 
the withdrawal of the Company's Securities from listing on the PCX.
    This application relates solely to the withdrawal by the Company of 
the Securities' listing on the PCX and shall have no effect upon the 
continued listing of such Securities on the NYSE. 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 
with the Commission and the NYSE under Section 13 of the Act.
    Any interested person may, on or before November 8, 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. 99-27596 Filed 10-21-99; 8:45 am]
BILLING CODE 8010-01-M