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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Agere Systems Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of class of securities)
00845V308
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(CUSIP number)
CLIFTON S. ROBBINS
BLUE HARBOUR GROUP, LP
240 GREENWICH AVENUE, 3RD FLOOR
GREENWICH, CONNECTICUT 06830
(203) 422-6540
AND
LEON G. COOPERMAN
88 PINE STREET
WALL STREET PLAZA - 31ST FLOOR
NEW YORK, NY 10005
(212) 495-5210
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(Name, address and telephone number of person authorized to receive
notices and communications)
July 21, 2006
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[_].
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CUSIP No. 755267101 13D Page 2
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1 NAME OF REPORTING PERSON: Blue Harbour Group, LP
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
56-2457376
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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7 SOLE VOTING POWER: 0
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,632,547
OWNED BY
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 6,632,547
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
6,632,547
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.9%*
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14 TYPE OF REPORTING PERSON: PN
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* See Item 5.
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CUSIP No. 755267101 13D Page 3
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1 NAME OF REPORTING PERSON: Blue Harbour Strategic Value
Partners Master Fund, LP
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
98-0450159
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands,
British West Indies
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7 SOLE VOTING POWER: 0
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,403,185
OWNED BY
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 5,403,185
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
5,403,185*
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.2%**
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14 TYPE OF REPORTING PERSON: PN
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* The aggregate amount in Row 11 excludes shares directly and
beneficially owned by Blue Harbour Institutional Partners Master Fund,
L.P.
** See Item 5.
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CUSIP No. 755267101 13D Page 4
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1 NAME OF REPORTING PERSON: Blue Harbour Institutional
Partners Master Fund, L.P.
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
98-0495357
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands,
British West Indies
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7 SOLE VOTING POWER: 0
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,229,362
OWNED BY
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 1,229,362
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,229,362*
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.7%**
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14 TYPE OF REPORTING PERSON: PN
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* The aggregate amount in Row 11 excludes shares directly and
beneficially owned by Blue Harbour Strategic Value Partners Master
Fund, LP.
** See Item 5.
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CUSIP No. 755267101 13D Page 5
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1 NAME OF REPORTING PERSON: Blue Harbour GP, LLC
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
20-1590782
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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7 SOLE VOTING POWER: 0
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,632,547
OWNED BY
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 6,632,547
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
6,632,547
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.9%*
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14 TYPE OF REPORTING PERSON: OO
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* See Item 5.
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CUSIP No. 755267101 13D Page 6
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1 NAME OF REPORTING PERSON: Blue Harbour Holdings, LLC
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
20-1590711
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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7 SOLE VOTING POWER: 0
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,632,547
OWNED BY
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 6,632,547
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
6,632,547
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.9%*
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14 TYPE OF REPORTING PERSON: OO
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* See Item 5.
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CUSIP No. 755267101 13D Page 7
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1 NAME OF REPORTING PERSON: Clifton S. Robbins
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
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7 SOLE VOTING POWER: 0
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,632,547
OWNED BY
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 6,632,547
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
6,632,547
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.9%*
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14 TYPE OF REPORTING PERSON: IN
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* See Item 5.
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CUSIP No. 755267101 13D Page 8
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1 NAME OF REPORTING PERSON: Leon G. Cooperman
IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
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7 SOLE VOTING POWER: 3,337,300
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,296,600
OWNED BY
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 3,337,300
PERSON WITH
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 2,296,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
5,633,900
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.3%*
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14 TYPE OF REPORTING PERSON: IN
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* See Item 5.
This Amendment No. 1 (this "Amendment") amends the Statement on Schedule 13D
filed on May 1, 2006 (the "Statement") by the Original Reporting Persons (as
defined in Item 2 below) and is filed by and on behalf of the Blue Harbour
Reporting Persons and Mr. Cooperman (each as defined in Item 2 below and
collectively, the "Reporting Persons") with respect to the common stock, par
value $0.01 per share ("Common Stock"), of Agere Systems Inc., a Delaware
corporation (the "Company"). Unless otherwise indicated, all capitalized terms
used herein have the meaning ascribed to them in the previous filing of the
Statement.
ITEM 2. IDENTITY AND BACKGROUND. Item 2 of the Statement is hereby amended and
restated in its entirety, with effect from the date of this Amendment, as
follows:
This Amendment is filed by the Blue Harbour Reporting Persons and
Mr. Cooperman. The Statement was initially filed by the Fund, Fund GP, Manager,
Manager GP, Mr. Robbins and Mr. Cooperman (each as defined below), who are
herein referred to collectively as the "Original Reporting Persons."
On May 1, 2006, certain of the Original Reporting Persons sent a
joint letter to Richard L. Clemmer, the Company's Chief Executive Officer,
regarding the Company's current and long-term prospects (the "May 1 Letter").
See Item 4 of the Statement.
The Blue Harbour Reporting Persons and Mr. Cooperman do not have any
agreements or understandings between them relating to the acquisition,
disposition, holding or voting of Common Stock held by them and each expressly
disclaims beneficial ownership for all purposes of Common Stock held by the
others. The Blue Harbour Reporting Persons and Mr. Cooperman have, on occasion,
coordinated their market purchases of Common Stock and call options to purchase
Common Stock in the past, and may decide to coordinate purchases and sales in
the future. The Reporting Persons have filed this statement solely because they
may be deemed to be a "group" for purposes of Section 13(d) of the Securities
Exchange Act of 1934, as amended (the "Act"), as a result of their agreement to
submit the May 1 Letter to the Company's Chief Executive Officer. However, the
Blue Harbour Reporting Persons and Mr. Cooperman each disclaim membership in a
"group" with the other Reporting Person.
(1) The Blue Harbour Reporting Persons.
(a) - (c) and (f) The Blue Harbour Reporting Persons are Blue
Harbour Group, LP, a Delaware limited partnership ("Manager"), Blue Harbour
Strategic Value Partners Master Fund, LP, a Cayman Islands exempted limited
partnership (the "Fund"), Blue Harbour Institutional Partners Master Fund, L.P.,
a Cayman Islands exempted limited partnership ("BHIP" and, together with the
Fund, the "Funds"), Blue Harbour GP, LLC, a Delaware limited liability company
("Fund GP"), Blue Harbour Holdings, LLC, a Delaware limited liability company
("Manager GP"), and Clifton S. Robbins ("Mr. Robbins"), a citizen of the United
States of America.
The address of the principal office of each of Manager, the Fund,
BHIP, Manager GP and Fund GP is 240 Greenwich Avenue, 3rd Floor, Greenwich,
Connecticut 06830, and Mr. Robbins' business address is c/o Manager at the
foregoing address. Mr. Robbins is the Chief Executive Officer of Manager.
Each of the Fund and BHIP is principally involved in the business of
investing in securities. Fund GP is principally involved in the business of
serving as the general partner of the Funds. Manager is principally involved in
the business of providing investment advisory and investment management services
9
to the Funds and its affiliates and, among other things, exercises all voting
and other powers and privileges attributable to any securities held for the
account of each of the Funds. Manager GP is principally involved in the business
of serving as the general partner of Manager.
(d) - (e) During the last five years, none of the Blue Harbour
Reporting Persons nor, to the best of their knowledge, any of their officers and
directors, has (i) been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
(2) Leon G. Cooperman.
(a) - (c) and (f) Leon G. Cooperman ("Mr. Cooperman") is a citizen
of the United States of America.
Mr. Cooperman is the Managing Member of Omega Associates, L.L.C., a
Delaware limited liability company ("Associates"). Associates is a private
investment firm formed to invest in and act as general partner of investment
partnerships or similar investment vehicles. Associates is the general partner
of limited partnerships organized under the laws of Delaware known as Omega
Capital Partners, L.P. ("Capital LP"), Omega Capital Investors, L.P. ("Investors
LP"), and Omega Equity Investors, L.P. ("Equity LP"). These entities are private
investment firms engaged in the purchase and sale of securities for investment
for their own accounts.
Mr. Cooperman is also the President and majority stockholder of
Omega Advisors, Inc. ("Advisors"), a Delaware corporation engaged in providing
investment management services, and Mr. Cooperman is deemed to control said
entity. Advisors serves as the investment manager to Omega Overseas Partners,
Ltd. ("Overseas"), a Cayman Island exempted company, with a business address at
British American Tower, Third Floor, Jennrett Street, Georgetown, Grand Cayman
Island, British West Indies. Mr. Cooperman has investment discretion over
portfolio investments of Overseas and is deemed to control such investments.
Advisors also serves as a discretionary investment advisor to a
limited number of institutional clients (the "Managed Accounts"). As to the
shares of Common Stock owned by the Managed Accounts, there would be shared
power to dispose or to direct the disposition of such shares because the owners
of the Managed Accounts may be deemed beneficial owners of such shares pursuant
to Rule 13d-3 under the Act, as a result of their right to terminate the
discretionary account within a period of 60 days.
Mr. Cooperman is the ultimate controlling person of Associates,
Capital LP, Investors LP, Equity LP, and Advisors.
The address of the principal office of each of Mr. Cooperman,
Associates, Capital LP, Investors LP, Equity LP and Advisors is 88 Pine Street,
Wall Street Plaza - 31st Floor, New York, NY 10005.
(d) - (e) During the last five years, none of Mr. Cooperman or the
foregoing entities controlled by him, nor to the best of their knowledge, any of
their officers and directors, has (i) been convicted in a criminal proceeding
10
(excluding traffic violations or similar misdemeanors) or (ii) been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 of the
Statement is hereby amended and restated in its entirety, with effect from the
date of this Amendment, as follows:
(1) The Blue Harbour Reporting Persons.
The 6,632,547 shares of Common Stock reported herein by the Blue
Harbour Reporting Persons were acquired by the Funds for an aggregate purchase
price of approximately $79,214,960. All such purchases of Common Stock by each
of the Funds were funded by the working capital of the respective Funds, which
may, at any given time, include margin loans made by brokerage firms in the
ordinary course of business.
(2) Leon G. Cooperman.
The 5,633,900 shares of Common Stock reported herein by Mr.
Cooperman were acquired for an aggregate purchase price of approximately
$64,156,771. All such purchases of Common Stock by Mr. Cooperman were funded by
working capital, which may, at any given time, include margin loans made by
brokerage firms in the ordinary course of business.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 of the Statement is hereby
amended and restated in its entirety, with effect from the date of this
Amendment, as follows:
The Reporting Persons may be deemed to beneficially own collectively
an aggregate of 12,266,447 shares of Common Stock, representing approximately
7.2% of the shares of Common Stock presently outstanding, such percentage being
based on the number of shares of Common Stock outstanding as of May 1, 2006 (the
"Issued and Outstanding Shares") as set forth in the Company's Quarterly Report
on Form 10-Q for the period ended March 31, 2006. The Blue Harbour Reporting
Persons and Mr. Cooperman each expressly disclaims beneficial ownership for all
purposes of the shares of Common Stock held by the other Reporting Person.
On May 5, 2006, subsequent to the filing of the Statement by the
Original Reporting Persons, the Company filed its Quarterly Report on Form 10-Q
for the period ended March 31, 2006, which reflected a decrease of 9,561,976
shares in the total number of shares of Common Stock outstanding. Consequently,
the percentage of shares of Common Stock deemed to be beneficially owned by the
Reporting Persons, as reported in this Amendment, reflects an increase resulting
from both the purchases of the Reporting Persons, as disclosed herein, and the
decrease in the total number of outstanding shares of Common Stock, as reported
by the Company.
(1) The Blue Harbour Reporting Persons.
(a) The responses of the Blue Harbour Reporting Persons to Rows (11)
through (13) of the cover pages of this Schedule 13D are incorporated herein by
reference.
11
As of the close of business on the date hereof, the Fund
beneficially owns an aggregate of 5,403,185 shares of Common Stock, representing
approximately 3.2% of the shares of Common Stock based upon the Issued and
Outstanding Shares and BHIP beneficially owns an aggregate of 1,229,362 shares
of Common Stock, representing approximately 0.7% of the shares of Common Stock
based upon the Issued and Outstanding Shares. The Fund is the direct owner of
5,403,185 shares of Common Stock reported by the Blue Harbour Reporting Persons
on this Statement and BHIP is the direct owner of 1,229,362 shares of Common
Stock reported by the Blue Harbour Reporting Persons on this Statement. For
purposes of disclosing the number of shares beneficially owned by each of the
Blue Harbour Reporting Persons, Fund GP, as general partner of the Funds,
Manager, as the investment manager of the Funds, Manager GP as the general
partner of Manager, and Mr. Robbins, as controlling owner of Fund GP and Manager
GP (in addition to serving as Chief Executive Officer of Manager) may be deemed
to own beneficially (as that term is defined in Rule 13d-3 under the Act) all
shares of Common Stock that are owned beneficially and directly by the Funds.
Fund GP, Manager, Manager GP and Mr. Robbins disclaims beneficial ownership of
such shares for all other purposes.
(b) The responses of the Blue Harbour Reporting Persons to (i) Rows
(7) through (10) of the cover pages of this Statement and (ii) Item 5(a) hereof
are incorporated herein by reference.
(c) Except as set forth above or in the attached Schedule I (with
respect to the Blue Harbour Reporting Persons), no Blue Harbour Reporting Person
has effected any transaction in shares of Common Stock during the 60 days
preceding the date hereof. All such transactions were effected in the open
market, unless otherwise noted. The Funds have also entered into, and may from
time to time enter into, purchases and sales of shares of Common Stock with each
other.
(d) No other person is known by the Blue Harbour Reporting Persons
to have the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, the shares of Common Stock reported in
this Statement, except dividends from, or proceeds from the sale of, the shares
of Common Stock in the Fund and BHIP for which Manager acts as an investment
advisor, which may be distributed to the applicable limited partner entitled
thereto in accordance with their respective limited partnership interests in the
Fund and BHIP. Other than as described in Item 5 hereof, no investment
partnership or limited partner thereof has an interest in the shares of Common
Stock reported in this Statement representing more than five percent of the
Common Stock outstanding.
(e) Not applicable.
(2) Leon G. Cooperman.
(a) As of the close of business on the date hereof, Mr. Cooperman
may be deemed the beneficial owner of 5,633,900 shares of Common Stock
representing approximately 3.3% of the shares of Common Stock based upon the
Issued and Outstanding Shares.
This consists of 1,610,000 shares of Common Stock owned by Capital
LP; 563,200 shares of Common Stock owned by Equity LP; 139,900 shares of Common
Stock owned by Investors LP; 1,024,200 shares of Common Stock owned by Overseas;
and 2,296,600 shares of Common Stock owned by the Managed Accounts.
12
(b) The responses of Mr. Cooperman to (i) Rows (7) through (10) of
the cover pages of this Statement and (ii) Item 5(a) hereof are incorporated
herein by reference.
(c) Except as set forth above or in the attached Schedule II (with
respect to Mr. Cooperman and the foregoing entities controlled by him), none of
Mr. Cooperman or the foregoing entities controlled by him has effected any
transaction in shares of Common Stock during the 60 days preceding the date
hereof. All such transactions were effected in the open market, unless otherwise
noted.
(d) No other person is known by Mr. Cooperman or the foregoing
entities controlled by him to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, the shares of
Common Stock reported in this Statement, except dividends from, or proceeds from
the sale of, the shares of Common Stock reported by the Managed Accounts may be
distributed to the applicable investors therein. Other than as described in Item
5 hereof, no investment partnership or limited partner thereof has an interest
in the shares of Common Stock reported in this Statement representing more than
five percent of the Common Stock outstanding.
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT 1 Amended and Restated Agreement as to Joint Filing of Schedule
13D, dated July 25, 2006, by and among Manager, the Fund,
BHIP, Fund GP, Manager GP, Clifton S. Robbins and Leon G.
Cooperman.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: July 25, 2006
BLUE HARBOUR GROUP, LP
By: Blue Harbour Holdings, LLC, its
general partner
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
BLUE HARBOUR STRATEGIC VALUE
PARTNERS MASTER FUND, LP
By: Blue Harbour GP, LLC, its
general partner
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
BLUE HARBOUR INSTITUTIONAL PARTNERS
MASTER FUND, L.P.
By: Blue Harbour GP, LLC, its
general partner
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
BLUE HARBOUR GP, LLC
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
BLUE HARBOUR HOLDINGS, LLC
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
/s/ Clifton S. Robbins
----------------------------------
Clifton S. Robbins
13
LEON G. COOPERMAN, individually, as Managing
Member of Omega Associates, L.L.C. on behalf
of Omega Capital Partners, L.P., Omega
Capital Investors, L.P., Omega Equity
Investors, L.P., and as President of Omega
Advisors, Inc.
By: /s/ Alan M. Stark
-----------------------------------------
Name: Alan M. Stark
Title: Attorney-in-Fact
Power of Attorney on File
14
Schedule I
Transactions in Shares of Common Stock by Blue Harbour Reporting Persons
--------------------------------------------------------------------------------
REPORTING DATE TRANSACTION NUMBER OF SHARES PRICE PER
PERSON OF COMMON STOCK SHARE
--------------------------------------------------------------------------------
Fund 05/30/06 Purchase 145,300 $14.40
--------------------------------------------------------------------------------
Fund 05/31/06 Purchase 3,500 $14.40
--------------------------------------------------------------------------------
BHIP 06/02/06 Purchase* 86,000 $13.675
--------------------------------------------------------------------------------
Fund 06/02/06 Purchase* 453,000 $13.675
--------------------------------------------------------------------------------
BHIP 06/06/06 Purchase 200,000 $14.15
--------------------------------------------------------------------------------
BHIP 06/13/06 Purchase 20,700 $13.64
--------------------------------------------------------------------------------
Fund 06/13/06 Purchase 91,200 $13.64
--------------------------------------------------------------------------------
BHIP 06/14/06 Purchase 3,200 $13.65
--------------------------------------------------------------------------------
Fund 06/14/06 Purchase 14,100 $13.65
--------------------------------------------------------------------------------
BHIP 06/16/06 Purchase 37,075 $13.90
--------------------------------------------------------------------------------
Fund 06/16/06 Purchase 163,325 $13.90
--------------------------------------------------------------------------------
BHIP 06/19/06 Purchase 2,140 $13.69
--------------------------------------------------------------------------------
Fund 06/19/06 Purchase 9,400 $13.69
--------------------------------------------------------------------------------
BHIP 06/20/06 Purchase 31,140 $13.68
--------------------------------------------------------------------------------
Fund 06/20/06 Purchase 143,460 $13.68
--------------------------------------------------------------------------------
BHIP 06/22/06 Purchase 1,807 $13.57
--------------------------------------------------------------------------------
Fund 06/22/06 Purchase 9,500 $13.57
--------------------------------------------------------------------------------
Fund 06/23/06 Purchase 100 $13.58
--------------------------------------------------------------------------------
BHIP 07/10/06 Purchase 75,000 $13.66
--------------------------------------------------------------------------------
Fund 07/10/06 Purchase 425,000 $13.66
--------------------------------------------------------------------------------
BHIP 07/11/06 Purchase 2,600 $13.38
--------------------------------------------------------------------------------
Fund 07/11/06 Purchase 15,000 $13.38
--------------------------------------------------------------------------------
BHIP 07/21/06 Purchase 37,500 $12.12
--------------------------------------------------------------------------------
Fund 07/21/06 Purchase 212,500 $12.12
--------------------------------------------------------------------------------
BHIP 07/24/06 Purchase 14,000 $12.035
--------------------------------------------------------------------------------
Fund 07/24/06 Purchase 86,000 $12.035
--------------------------------------------------------------------------------
* Shares of Common Stock acquired upon the exercise of options for an aggregate
purchase price of $13.675 per share, which includes the option purchase price of
$8.665 per share and the exercise price of $5.01 per share.
Schedule II
Transactions in Shares of Common Stock by Leon G. Cooperman
--------------------------------------------------------------------------------
REPORTING DATE TRANSACTION NUMBER OF SHARES PRICE PER
PERSON OF COMMON STOCK SHARE
--------------------------------------------------------------------------------
Managed
Accounts 05/23/06 Purchase 110,000 $14.9026
--------------------------------------------------------------------------------
Capital LP 06/05/06 Purchase* 175,100 $13.6750
--------------------------------------------------------------------------------
Equity LP 06/05/06 Purchase* 34,800 $13.6750
--------------------------------------------------------------------------------
Investors LP 06/05/06 Purchase* 14,200 $13.6750
--------------------------------------------------------------------------------
Overseas 06/05/06 Purchase* 109,300 $13.6750
--------------------------------------------------------------------------------
Managed
Accounts 06/05/06 Purchase* 205,500 $13.6750
--------------------------------------------------------------------------------
Capital LP 06/08/06 Purchase 20,000 $13.9661
--------------------------------------------------------------------------------
Overseas 06/08/06 Purchase 17,600 $13.9661
--------------------------------------------------------------------------------
Equity LP 06/08/06 Purchase 57,900 $13.9661
--------------------------------------------------------------------------------
Investors LP 06/08/06 Purchase 8,800 $13.9661
--------------------------------------------------------------------------------
Managed
Accounts 06/08/06 Purchase 54,800 $13.9661
--------------------------------------------------------------------------------
Capital LP 07/21/06 Purchase 87,100 $12.1083
--------------------------------------------------------------------------------
Overseas 07/21/06 Purchase 58,100 $12.1083
--------------------------------------------------------------------------------
Equity LP 07/21/06 Purchase 30,000 $12.1083
--------------------------------------------------------------------------------
Investors LP 07/21/06 Purchase 10,300 $12.1083
--------------------------------------------------------------------------------
Managed
Accounts 07/21/06 Purchase 114,500 $12.1083
--------------------------------------------------------------------------------
Capital LP 07/24/06 Purchase 56,600 $12.0246
--------------------------------------------------------------------------------
Overseas 07/24/06 Purchase 36,100 $12.0246
--------------------------------------------------------------------------------
Equity LP 07/24/06 Purchase 20,500 $12.0246
--------------------------------------------------------------------------------
Investors LP 07/24/06 Purchase 4,900 $12.0246
--------------------------------------------------------------------------------
Managed
Accounts 07/24/06 Purchase 81,900 $12.0246
--------------------------------------------------------------------------------
* Shares of Common Stock acquired upon the exercise of options for an aggregate
purchase price of $13.675 per share, which includes the option purchase price of
$8.665 per share and the exercise price of $5.01 per share.
Exhibit 1
AMENDED AND RESTATED AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D
Dated July 25, 2006
The undersigned acknowledge and agree that the foregoing statement on Schedule
13D is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement shall be filed on behalf of each of the undersigned
without the necessity of filing additional joint filing agreements. The
undersigned acknowledge that each shall be responsible for the timely filing of
such amendments, and for the completeness and accuracy of the information
concerning it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate.
This Agreement amends and restates in its entirety the Agreement as to Joint
Filing of Schedule 13D previously entered into on May 1, 2006 by certain of the
signatories hereto. This Agreement may be executed in counterparts and each of
such counterparts taken together shall constitute one and the same instrument.
BLUE HARBOUR GROUP, LP
By: Blue Harbour Holdings, LLC, its
general partner
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
BLUE HARBOUR STRATEGIC VALUE
PARTNERS MASTER FUND, LP
By: Blue Harbour GP, LLC, its
general partner
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
BLUE HARBOUR INSTITUTIONAL PARTNERS
MASTER FUND, L.P.
By: Blue Harbour GP, LLC, its
general partner
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
BLUE HARBOUR GP, LLC
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
BLUE HARBOUR HOLDINGS, LLC
By: /s/ Clifton S. Robbins
----------------------------------
Name: Clifton S. Robbins
Title: Managing Member
/s/ Clifton S. Robbins
----------------------------------
Clifton S. Robbins
LEON G. COOPERMAN, individually, as Managing
Member of Omega Associates, L.L.C. on behalf
of Omega Capital Partners, L.P., Omega
Capital Investors, L.P., Omega Equity
Investors, L.P., and as President of Omega
Advisors, Inc.
By: /s/ Leon G. Cooperman
-----------------------------------------
Name: Leon G. Cooperman