UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
Exide Technologies
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(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)
February 23, 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 ss.ss. 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box |_|.
SCHEDULE 13D
--------------------------------------- ---------- ----------------------------
CUSIP No 302051206
--------------------------------------- ---------- ----------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Castlerigg Master Investments Ltd.
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) |X| (B) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
------------- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
0
SHARES
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
2,434,218
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,434,218
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,434,218
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.97%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------- -----------------------------------------------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Sandell Asset Management Corp.
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) |X| (B) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
------------- ----------- -----------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
0
SHARES
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
2,434,218
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,434,218
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,434,218
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.97%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------- -----------------------------------------------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Castlerigg International Limited
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) |X| (B) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
------------- ----------- -----------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
0
SHARES
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
2,434,218
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,434,218
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,434,218
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.97%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------- -----------------------------------------------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Castlerigg International Holdings Limited
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) |X| (B) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
0
SHARES
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
2,434,218
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,434,218
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,434,218
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.97%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------- -----------------------------------------------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Thomas E. Sandell
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) |X| (B) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Sweden
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
0
SHARES
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
2,434,218
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,434,218
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,434,218
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.97%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------- -----------------------------------------------------------------
This is Amendment No. 5 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 and Amendment No. 2 on January 13, 2005, and Amendment No. 3 on
February 15, 2005, and Amendment No. 4 on February 24, 2005 (the initial
Schedule 13D and all amendments thereto being referred to herein as the
"Schedule 13D"). The following item in the Schedule 13D is hereby amended
to include the following information:
ITEM 4. PURPOSE OF TRANSACTION
Representatives of SAMC met with the Executive Committee of the Board of
Directors of Exide Technologies and Stuart Kupinksy, Exide's General
Counsel, on Wednesday, February 23, 2005. At the meeting, SAMC requested,
and Exide agreed, that SAMC could discuss a range of issues with Exide's
investment banker related to the structure, terms and conditions of the
proposed high-yield note offering publicly announced by Exide on February
9, 2005. These discussions occurred on February 24, 2005.
Additional topics raised by SAMC at the February 23, 2005 meeting include:
o the composition of Exide's Board of Directors; and
o Exide's ongoing search for a new Chief Executive Officer.
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.
Dated: February 25, 2005 CASTLERIGG MASTER INVESTMENTS LTD.
By: Sandell Asset Management Corp.
As Investment Manager
By:/s/ Thomas E. Sandell
----------------------------------
Thomas E. Sandell
Title: Director
SANDELL ASSET MANAGEMENT CORP.
By:/s/ Thomas E. Sandell
----------------------------------
Thomas E. Sandell
Title: Director
CASTLERIGG INTERNATIONAL LIMITED
By:/s/ Thomas E. Sandell
----------------------------------
Thomas E. Sandell
Title: Director
CASTLERIGG INTERNATIONAL HOLDINGS LIMITED
By:/s/ Thomas E. Sandell
----------------------------------
Thomas E. Sandell
Title: Director
/s/ Thomas E. Sandell
----------------------------------
Thomas E. Sandell