Document ID: SEC-2005-0071-0001
Agency: sec
Document Type: Notice
Title: Applications, hearings, determinations, etc.: Baker Hughes, Inc.
Posted Date: 2005-10-04T04:00Z

[Federal Register: October 4, 2005 (Volume 70, Number 191)]
[Notices]               
[Page 57906]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04oc05-105]                         

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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-09397]

 
Issuer Delisting; Notice of Application of Baker Hughes 
Incorporated To Withdraw Its Common Stock, $1.00 Par Value, From 
Listing and Registration on the Pacific Exchange, Inc.

September 27, 2005.
    On September 6, 2005, Baker Hughes Incorporated, a Delaware 
corporation (``Issuer''), filed an application with the Securities and 
Exchange Commission (``Commission''), pursuant to Section 12(d) of the 
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 12d2-2(d) 
thereunder,\2\ to withdraw its common stock, $1.00 par value 
(``Security''), from listing and registration on the Pacific Exchange, 
Inc. (``PCX'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Board of Directors (``Board'') of the Issuer approved 
resolutions on July 28, 2005 to withdraw the Security from listing on 
PCX. The Issuer stated that the following reasons factored into the 
Board's decision to withdraw the Security from PCX: (i) The Issuer's 
predecessor, Baker International Corporation, was originally 
incorporated in the State of California, had its principal place of 
business located in the State of California and its common stock listed 
on PCX; (ii) in connection with the combination of Baker International 
Corporation and Hughes Tool Company in 1987, the Issuer listed the 
Security on the New York Stock Exchange (``NYSE''); (iii) the Issuer's 
principal place of business is located in the State of Texas; (iv) 
listing the Security on PCX is no longer in the best interest of the 
Issuer; and (v) the Security will continued to be listed on NYSE.
    The Issuer stated in its application that it has complied with 
applicable rules of PCX Rule 5.4(b) by complying with all applicable 
laws in effect in the State of Delaware, the state in which the Issuer 
is incorporated, and by providing PCX with the required documents 
governing the withdrawal of securities from listing and registration on 
PCX.
    The Issuer's application relates solely to the withdrawal of the 
Security from listing on PCX and shall not affect its continued listing 
on NYSE or its obligation to be registered under Section 12(b) of the 
Act.\3\
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    \3\ 15 U.S.C. 781(b).
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    Any interested person may, on or before October 21, 2005 comment on 
the facts bearing upon whether the application has been made in 
accordance with the rules of PCX, 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:

Electronic Comments

     Send an e-mail to rule-comments@sec.gov. Please include 
the File Number 1-09397 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-9303. All submissions should refer to File Number 
1-09397. 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.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority \4\
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    \4\ 17 CFR 200.30-3(a)(1).

Jonathan G. Katz,
Secretary.
[FR Doc. 05-19803 Filed 10-3-05; 8:45 am]

BILLING CODE 8010-01-P