On January 19, 2005, Regal-Beloit Corporation, a Wisconsin corporation (“Issuer”), filed an application with the Securities and Exchange Commission Start Printed Page 5710(“Commission”), pursuant to Section 12(d) of the Securities Exchange Act of 1934 (“Act”)  and Rule 12d2-2(d) thereunder, to withdraw its common stock, $.01 par value (“Security”), from listing and registration on the American Stock Exchange LLC (“Amex”).
On December 15, 2004, the Board of Directors (“Board”) of the Issuer approved a resolution, pursuant to an action by unanimous written consent, to withdraw the Issuer's Security from listing on the Amex and to list the Security on the New York Stock Exchange, Inc. (“NYSE”). The Board stated that it determined to withdraw the Security from the Amex and list the Security on the NYSE for the following reasons: (i) Due to recent acquisitions, the Issuer has grown significantly worldwide, achieving recognition as the industry leader for its products; and (ii) it is desirable and for the benefit of the Issuer to list its Security on the NYSE, which is an internationally recognized stock exchange. The Security commenced trading on the NYSE on January 21, 2005.
The Issuer stated in its application that it has met the requirements of Amex Rule l8 by complying with all applicable laws in Wisconsin, in which it is incorporated, and with the Amex's rules governing an issuer's voluntary withdrawal of a security from listing and registration.
The Issuer's application relates solely to the withdrawal of the Security from listing on the Amex, and shall not affect its continued listing on the NYSE or its obligation to be registered under Section 12(b) of the Act.
Any interested person may, on or before February 22, 2005, comment on the facts bearing upon whether the application has been made in accordance with the rules of the Amex, 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:
- Send an e-mail to email@example.com. Please include the File Number 1-07283 or;
- Send paper comments in triplicate to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549-0609.
All submissions should refer to File Number 1-07283. 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.Start Signature
For the Commission, by the Division of Market Regulation, pursuant to delegated authority.
Jonathan G. Katz,
[FR Doc. E5-410 Filed 2-2-05; 8:45 am]
BILLING CODE 8010-01-P