18160 Federal Register / Vol. 62, No. 71 / Monday, April 14, 1997 / Notices

applicant’s payment of an additional

dividend of $0.50 per share to its

shareholders plus the accumulated

earnings, if any, of Media.

Consummation of the merger was

conditioned on, among other things,

approval by a majority of applicant’s

shareholders and by certain

governmental agencies and other third

parties, including the SEC and SBA.

10. On May 21, 1996, Medallion,

MFC, applicant and two individual

affiliates of both Medallion and

applicant obtained an SEC order under

sections 6(c), 17(b) and 57(c) of the Act

granting exemptions from various

provisions of the Act and permitting

certain joint transactions in connection

with the proposed merger. Proxy

materials concerning the merger were

filed with the SEC and distributed to

applicant’s shareholders. At a meeting

on May 22, 1996, by resolution adopted

by 80% of shareholders, applicant’s

shareholders approved the merger with

Medallion.

11. On May 29, 1996, pursuant to the

terms of the Agreement, applicant

merged with and into Medallion. In

connection with the merger, applicant

distributed to shareholders an amount

from current earnings sufficient to

preserve its tax status and transferred to

Medallion its only assets, consisting of

the securities of MFC and Media. In

exchange, applicant’s shareholders

received $20 per share in cash and the

right to receive the two additional

dividend distributions provided for

under the Agreement. These dividents

were paid on July 8 and August 22,

1996, respectively, in the amounts of

$0.50 and $0.31 per share.

12. Applicant and Medallion each

bore their respective costs and expenses

incurred in negotiating and entering

into the Agreement and thereafter

consummating the merger. The

Agreement required applicant to pay or

reimburse Medallion for up to the lesser

of $200,000 or one-third of the aggregate

amount of certain ‘‘joint’’ expenses,

such as legal, accounting and filing fees,

incurred in connection with the merger.

It was estimated before the merger that

these expenses would exceed $600,000,

and they in fact exceeded $1 million.

Accordingly, applicant reimbursed

Medallion for the full $200,000.

13. On May 29, 1996, a certificate of

merger was filed with the Secretary of

State of Delaware, pursuant to which

applicant was merged with and into

Medallion, with Medallion being the

surviving corporation.

14. Applicant has no assets, or any

debts or other liabilities. There are no

shareholders of applicant to whom

distributions in complete liquidation of

their interests have not been made, and

applicant has no remaining

shareholders. Applicant is not a party to

any litigation or administrative

proceeding.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–9460 Filed 4–11–97; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[File No. 500–1]

Historic Hotel Holdings, Inc.; Order of

Suspension of Trading

April 10, 1997.

It appears to the Securities and

Exchange Commission that there is a

lack of current and accurate information

concerning the securities of Historic

Hotel Holdings, Inc. (‘‘HHH’’), because

of questions regarding, among other

things, HHH’s alleged ownership of and

plans to renovate, or current efforts to

acquire, a hotel; in what market HHH’s

securities are traded; and HHH’s alleged

acquisition of a company purportedly

engaged in a business connected to the

oil and gas industry.

The Commission is of the opinion that

the public interest and the protection of

investors require a suspension of trading

in the securities of the above-listed

company.

Therefore, it is ordered, pursuant to

Section 12(k) of the Securities Exchange

Act of 1934, that trading in the abovelisted company is suspended for the

period from 9:30 a.m. EDT, April 10,

1997 through 11:59 p.m. EDT, on April

23, 1997.

By the Commission.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–9649 Filed 4–10–97; 12:11 pm]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #2925; Amendment

#4]

State of California

In accordance with a notice from the

Federal Emergency Management

Agency, dated April 1, 1997, the abovenumbered Declaration is hereby

amended to close the incident period for

this disaster effective April 1, 1997.

All other information remains the

same, i.e., the termination date for filing

applications for loans for physical

damage is April 11, 1997 and for

economic injury the deadline is October

6, 1997.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: April 2, 1997.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 97–9485 Filed 4–11–97; 8:45 am]

BILLING CODE 8025–11–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #2940; Amendment

#1]

State of Illinois

In accordance with a notice from the

Federal Emergency Management

Agency, dated April 1, 1997, the abovenumbered Declaration is hereby

amended to establish the incident

period as beginning March 1 and closing

effective April 1, 1997.

All other information remains the

same, i.e., the termination date for filing

applications for physical damage is May

20, 1997, and for loans for economic

injury the deadline is December 22,

1997.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: April 8, 1997.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 97–9486 Filed 4–11–97; 8:45 am]

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #2935; Amendment

#1]

State of Indiana

In accordance with a notice from the

Federal Emergency Management

Agency, dated March 31, 1997, the

above-numbered Declaration is hereby

amended to close the incident period for

this disaster effective March 31, 1997.

All other information remains the

same, i.e., the termination date for filing

applications for physical damage is May

4, 1997 and for economic injury the

deadline is December 8, 1997.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008.)

Dated: April 2, 1997.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 97–9489 Filed 4–11–97; 8:45 am]

BILLING CODE 8025–01–P