[Federal Register Volume 60, Number 85 (Wednesday, May 3, 1995)]
[Notices]
[Page 21837]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-10854]



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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Carrington Laboratories, Inc., Common Stock, $.01 
Par Value and the Related Preferred Share Purchase Rights Issued 
Pursuant to its Rights Agreement Dated September 19, 1991) File No. 1-
6395

April 27, 1995.
    The Carrington Laboratories, 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 American Stock Exchange, Inc. (``Amex'').
    The reasons alleged in the application for withdrawing the 
Securities from listing and registration include the following:
    According to the Company, its Board of Directors unanimously 
approved resolutions on February 9, 1995 to withdraw the Securities 
from listing on the Exchange and, instead, list the Securities on the 
Nasdaq/NMS. The decision of the Board followed a lengthy study of the 
matter, and was based upon the belief that listing of the Securities on 
Nasdaq will be more beneficial to the Company and its stockholders than 
the present listing on the Exchange because:
    (a) The Nasdaq system of multiple, competing market makers will 
provide the Company with increased visibility within the financial 
community, thereby encouraging greater investor awareness of the 
Company's activities;
    (b) The Nasdaq system will enable the Company to attract its own 
group of market makers and expand the capital base available for 
purchases of the Securities;
    (c) The Nasdaq system will stimulate increased demand for the 
Securities and result in greater liquidity for the Company's 
shareholders; and
    (d) The firm making a market in the Securities on Nasdaq will be 
more likely to issue research reports on the Company, which will 
increase the availability of information about the Company and the 
Securities and enhance the Company's visibility to investors.
    Any interested person may, on or before May 18, 1995, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549, 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. 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. 95-10854 Filed 5-2-95; 8:45 am]
BILLING CODE 8010-01-M