UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o Rule 13d-1(b)
þ Rule 13d-1(c)
o Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. |
29444U502 |
1 | NAMES OF REPORTING PERSONS Fir Tree Value Master Fund, L.P. |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Cayman Islands | |||||
5 | SOLE VOTING POWER | ||||
NUMBER OF | 4,152,710 | ||||
SHARES | 6 | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | |||||
EACH | 7 | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 4,152,710 | ||||
WITH: | 8 | SHARED DISPOSITIVE POWER | |||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
4,152,710 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
9.0% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
PN |
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CUSIP No. |
29444U502 |
1 | NAMES OF REPORTING PERSONS Fir Tree, Inc. |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
New York | |||||
5 | SOLE VOTING POWER | ||||
NUMBER OF | 4,152,710 | ||||
SHARES | 6 | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | |||||
EACH | 7 | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 4,152,710 | ||||
WITH: | 8 | SHARED DISPOSITIVE POWER | |||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
4,152,710 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
9.0% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
CO |
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Item 1(a) | Name of Issuer. |
Item 1(b) | Address of Issuers Principal Executive Offices. |
Item 2(a) | Name of Person Filing. |
Item 2(b) | Address of Principal Business Office. |
Item 2(c) | Place of Organization. |
Item 2(d) | Title of Class of Securities. |
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Item 2(e) | CUSIP Number. |
Item 3 | Reporting Person. |
Item 4 | Ownership. |
(a) | Fir Tree Value is the beneficial owner of 4,152,710 shares of
Common Stock consisting of 1,152,710 shares of Common Stock and American-style
call options exercisable to purchase 3,000,000 shares of Common Stock. Fir
Tree may be deemed to beneficially own the shares of Common Stock held by Fir
Tree Value as a result of being the investment manager of Fir Tree Value. |
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(b) | The Reporting Persons beneficially own 4,152,710 shares of
Common Stock consisting of 1,152,710 shares of Common Stock and American-style
call options exercisable to purchase 3,000,000 shares of Common Stock, which
represents approximately 9.0% of the shares of Common Stock outstanding. This
percentage was determined by dividing the number of shares of Common Stock
beneficially held by the of the Reporting Persons by 45,994,363, the number of
shares of Common Stock issued and outstanding as of September 30, 2010, as
reported in the Issuers 10Q filed October 29, 2010. |
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(c) | Fir Tree Value may direct the vote and disposition of 4,152,710
shares of Common Stock. Fir Tree has been granted investment discretion over
the shares of Common Stock held by Fir Tree Value, and thus, has the shared
power to direct the vote and disposition of 4,152,710 shares of Common Stock. |
Item 5 | Ownership of Five Percent or Less of a Class. |
Item 6 | Ownership of More Than Five Percent on Behalf of Another Person. |
Item 7 | Identification and Classification of the Subsidiary which Acquired the Security Being
Reported On by the Parent Holding Company. |
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Item 8 | Identification and Classification of Members of the Group. |
Item 9 | Notice of Dissolution of Group. |
Item 10 | Certification. |
Exhibit 1 | Joint Filing Agreement by and among the Reporting Persons. |
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FIR TREE VALUE MASTER FUND, L.P. |
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By: | FIR TREE, INC., its Manager |
By: | /s/ Jeffrey Tannenbaum | |||
Name: | Jeffrey Tannenbaum | |||
Title: | President | |||
FIR TREE, INC. |
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By: | /s/ Jeffrey Tannenbaum | |||
Name: | Jeffrey Tannenbaum | |||
Title: | President |
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