Document ID: SEC-2005-0272-0001
Agency: sec
Document Type: Notice
Title: Applications, hearings, determinations, etc.: Cadence Design Systems, Inc.
Posted Date: 2005-11-25T05:00Z

[Federal Register: November 25, 2005 (Volume 70, Number 226)]
[Notices]               
[Page 71177]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr25no05-112]                         

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 SECURITIES AND EXCHANGE COMMISSION

[File No. 1-10606]

 
Issuer Delisting; Notice of Application of Cadence Design 
Systems, Inc. To Withdraw Its Common Stock, $.01 Par Value, and the 
Preferred Share Purchase Rights From Listing and Registration on the 
New York Stock Exchange, Inc.

November 18, 2005.
    On October 27, 2005, Cadence Design Systems, Inc., 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, $.01 par value, and the 
preferred share purchase rights (collectively ``Securities''), from 
listing and registration on the New York Stock Exchange, Inc. 
(``NYSE'').
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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 unanimously 
approved a resolution on October 24, 2005, to withdraw the Securities 
from listing and registration on NYSE and to list the Securities on the 
Nasdaq National Market (``Nasdaq''). The Issuer stated that the Board 
determined that it is in the best interests of the Issuer to withdraw 
the Securities from NYSE and list the Securities on Nasdaq. In 
addition, the Issuer stated that as a result of the Issuer's 
participation in Nasdaq's dual-listing program, pursuant to which the 
Issuer's common stock was listed on both NYSE and Nasdaq, the Board has 
determined that Nasdaq is the preferred marketplace for many of the 
Issuer's institutional investors and that listing solely on Nasdaq 
would be cost-effective for the Issuer without adversely affecting the 
market for the Issuer's common stock.
    The Issuer stated in its application that it has complied with 
NYSE's rules governing an issuer's voluntary withdrawal of a security 
from listing and registration by providing NYSE with the required 
documents governing the removal of securities from listing and 
registration on NYSE.
    The Issuer's application relates solely to the withdrawal of the 
Security from listing on NYSE and from registration under Section 12(b) 
of the Act,\3\ and shall not affect its obligation to be registered 
under Section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before December 14, 2005, comment 
on the facts bearing upon whether the application has been made in 
accordance with the rules of NYSE, 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

     Use the Commission's Internet comment form (http://www.sec.gov/rules/delist.shtml.
); or     Send an e-mail to rule-comments@sec.gov. Please include 

the File Number 1-10606 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 1-10606. 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.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
 [FR Doc. E5-6512 Filed 11-23-05; 8:45 am]

BILLING CODE 8010-01-P