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UNITED STATES |
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
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Exide Technologies |
(Name of Issuer)
Common Stock
(Title of Class of Securities)
302051206
(CUSIP Number)
Sandell Asset Management Corp.
40 West 57th Street
26th Floor
New York, NY 10019
Attention : Michael Fischer, General Counsel
212-603-5700
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
January 12, 2005
(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 that is the subject of this Schedule 13D, and is filing this schedule because of Secs. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].
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This is Amendment No. 2 to the Schedule 13D filed jointly by Castlerigg Master Investments Ltd., a British Virgin Islands Company, Sandell Asset Management Corp., a British Virgin Islands Company ("SAMC"), Castlerigg International Limited, a British Virgin Islands Company, Castlerigg International Holdings Limited, a British Virgin Islands Company, and Thomas E. Sandell, a citizen of Sweden (together, the "Reporting Persons"), on November 8, 2004 and amended by Amendment No. 1 filed on November 12, 2004 (the initial Schedule 13D and all amendments thereto being referred to herein as the "Schedule 13D"). The Schedule 13D relates to 1,799,218 shares of common stock, par value $0.01 per share (the "Shares"), of Exide Technologies, a Delaware corporation ("Exide"). The following items in the Schedule 13D are hereby amended to read in their entirety as follows:
Item 4. PURPOSE OF TRANSACTION
The purpose of the acquisition of the Shares is for investment purposes, and the acquisitions of the Shares were made in the ordinary course of business and were not made for the purpose of acquiring control of Exide.
Although none of the Reporting Persons has any specific plan or proposal to acquire or dispose of the Shares, consistent with its investment purpose, each Reporting Person at any time and from time to time may acquire additional shares of Exide common stock or dispose of any or all of its Shares depending upon an ongoing evaluation of the investment in the Shares, prevailing market conditions, other investment opportunities, liquidity requirements of the Reporting Persons, and/or other investment considerations.
Consistent with the above-stated investment purpose, representatives of SAMC have recently engaged in discussions with members of the board of directors of Exide, as well as with several shareholders of Exide, regarding Exide. The Reporting Persons may engage in further communications with one or more shareholders of Exide, one or more officers of Exide, one or more members of the board of directors of Exide and/or one or more representatives of Exide on a variety of possible subjects regarding ways to increase shareholder value. Some of the suggestions SAMC might make may affect control of Exide and/or may relate to any of the following: changes to the board of directors or management of Exide; the merger, acquisition or liquidation of Exide; the divestiture of certain assets of Exide; a change in the present capitalization or dividend policy of Exide; or a change in Exide's charter or by-laws.
On January 12, 2005, representatives of SAMC met in New York with John P. Reilly, Michael P. Ressner, Stuart H. Kupinsky and Ian J. Harvie (the "Exide representatives"). At that meeting, the participants discussed various matters, including Exide's operations, management, the composition of its board of directors and certain individuals as potential candidates for the Exide board. The SAMC representatives proposed the appointment of Perry J.
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Lewis and Mark C. Demetree to the Exide board and reviewed with the Exide representatives certain biographic information regarding these individuals. A copy of the biographic information is attached hereto as Appendix V.
At the conclusion of the meeting, the Exide representatives indicated that they would consider and respond to the proposals of the SAMC representatives.
Except to the extent the foregoing may be deemed a plan or proposal, none of the Reporting Persons has any specific plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.
Item 7. MATERIAL TO BE FILED AS EXHIBITS
The following documents are filed as exhibits:
Appendix I: List of the transactions in Exide common stock that were effected by the Reporting Persons during the past sixty days.*
Appendix II: Joint Filing Agreement.*
Appendix III: Instruction C Person Information.*
Appendix IV: Letter to the Executive Committee of the Board of Directors of Exide Technologies, dated November 10, 2004.**
Appendix V: Biographic information regarding Perry J. Lewis and Mark C. Demetree.
*Previously filed with the Schedule 13D filed on November 8, 2004.
**Previously filed with the 1st Amendment to the Schedule 13D filed on November 12, 2004.
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Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Dated: January 13, 2005 |
CASTLERIGG MASTER INVESTMENTS LTD. |
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By: Sandell Asset Management Corp. |
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As Investment Manager |
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By:/s/ Thomas E. Sandell |
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Thomas E. Sandell |
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Title: Director |
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SANDELL ASSET MANAGEMENT CORP. |
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By:/s/ Thomas E. Sandell |
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Thomas E. Sandell |
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Title: Director |
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CASTLERIGG INTERNATIONAL LIMITED |
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By:/s/ Thomas E. Sandell |
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Thomas E. Sandell |
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Title: Director |
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CASTLERIGG INTERNATIONAL HOLDINGS LIMITED |
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By:/s/ Thomas E. Sandell |
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Thomas E. Sandell |
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Title: Director |
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/s/ Thomas E. Sandell |
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Thomas E. Sandell |
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