UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)
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)
March 15, 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
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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
2,606,929
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,606,929
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,606,929
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.61%
------------- -----------------------------------------------------------------
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
2,606,929
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,606,929
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,606,929
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.61%
------------- -----------------------------------------------------------------
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
2,606,929
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,606,929
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,606,929
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.61%
------------- -----------------------------------------------------------------
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
2,606,929
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,606,929
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,606,929
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.61%
------------- -----------------------------------------------------------------
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
2,606,929
OWNED
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
0
REPORT-ING
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
2,606,929
WITH
------------- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,606,929
------------- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.1%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------- -----------------------------------------------------------------
This is Amendment No. 7 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, Amendment No. 2 on January 13, 2005, Amendment No. 3 on February 15,
2005, Amendment No. 4 on February 24, 2005, Amendment No. 5 on February 25,
2005 and Amendment No. 6 on March 2, 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 these
following information:
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION
On March 15, 2005, Castlerigg Master Investments acquired $3,000,000 of
Exide's Floating Rate Convertible Senior Subordinated Notes due 2013 (the
"Convertible Notes") convertible into an additional 172,711 shares of the
common stock of Exide (the "Notes"). The funds used to purchase the Notes
were obtained from (and, if additional shares of Exide's common stock or
Convertible Notes are purchased in the future, it is expected that such
funds will also be obtained from) a combination of the general working
capital of the investment entities managed by the Reporting Persons and
margin account borrowings made in the ordinary course of business.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a). The Reporting Persons as a group beneficially own 2,606,929 shares of
Exide common stock. Such beneficial ownership is comprised of the ownership
of 2,434,218 shares of Exide common stock and notes convertible into an
additional 172,711 shares of Exide common stock. This comprises
approximately 10.61% of the outstanding common stock of Exide. Without
taking into account the conversion of the Convertible Notes, the Reporting
Persons own approximately 9.97% of the outstanding Exide common stock.
(b). None of the Reporting Persons has sole power to vote or to direct the
vote or sole power to dispose or to direct the disposition of the Shares.
Each of the Reporting Persons has shared power to vote and to direct the
vote and shared power to dispose and to direct the disposition of 2,606,929
shares of Exide common stock.
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 ending
November 8, 2004.*
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.***
Appendix VI: List of the transactions in Exide common stock that were
effected by the Reporting Persons during the past sixty days ending
February 15, 2005.****
Appendix VII: List of the transactions in Exide common stock that were
effected by the Reporting Persons during the past sixty days ending
February 23, 2005. *****
Appendix VIII: Letter to the Chairman of the Board of Directors of Exide
Technologies, dated February 18, 2005. *****
Appendix IX: Letter to the Chairman of the Board of Directors of Exide
Technologies, dated February 23, 2005. *****
Appendix X: Confidentiality Agreement executed February 23, 2005. *****
Appendix XI: Powers of Attorney
*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.
***Previously filed with the 2nd Amendment to the Schedule 13D filed on
January 13, 2005.
****Previously filed with the 3rd Amendment to the Schedule 13D filed on
February 15, 2005.
*****Previously filed with the 4th Amendment to the Schedule 13D filed on
February 24, 2005.
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: March 17, 2005 CASTLERIGG MASTER INVESTMENTS LTD.
By: Sandell Asset Management Corp.
As Investment Manager
By: /s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell
Title: Chief Executive Officer
SANDELL ASSET MANAGEMENT CORP.
By: /s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell
Title: Chief Executive Officer
CASTLERIGG INTERNATIONAL LIMITED
By: Sandell Asset Management Corp.
As Investment Manager
By: /s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell
Title: Chief Executive Officer
CASTLERIGG INTERNATIONAL HOLDINGS LIMITED
By: Sandell Asset Management Corp.
As Investment Manager
By: /s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell
Title: Chief Executive Officer
/s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell
APPENDIX XI
-----------
POWER OF ATTORNEY
-----------------
KNOW ALL MEN BY THESE PRESENTS, that Castlerigg Master Investments Ltd.,
whose signature appears below, constitutes and appoints each of James A.
Cacioppo, Timothy O'Brien, Michael R. Fischer and Richard A. Gashler as its
attorney-in-fact and agent for the undersigned solely for the purpose of
executing reports required under Sections 13(d) and 16 of the Securities
Exchange Act of 1934, as amended, and filing the same, with exhibits and
appendices thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, thereby ratifying and confirming all
that each said attorney-in-fact may do or cause to be done by virtue
hereof.
Dated: March 17, 2005 CASTLERIGG MASTER INVESTMENTS LTD.
By: Sandell Asset Management Corp.
As Investment Manager
By: /s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell
Title: Chief Executive Officer
POWER OF ATTORNEY
-----------------
KNOW ALL MEN BY THESE PRESENTS, that Sandell Asset Management Corp., whose
signature appears below, constitutes and appoints each of James A.
Cacioppo, Timothy O'Brien, Michael R. Fischer and Richard A. Gashler as its
attorney-in-fact and agent for the undersigned solely for the purpose of
executing reports required under Sections 13(d) and 16 of the Securities
Exchange Act of 1934, as amended, and filing the same, with exhibits and
appendices thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, thereby ratifying and confirming all
that each said attorney-in-fact may do or cause to be done by virtue
hereof.
Dated: March 17, 2005 SANDELL ASSET MANAGEMENT CORP.
By: /s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell
Title: Chief Executive Officer
POWER OF ATTORNEY
-----------------
KNOW ALL MEN BY THESE PRESENTS, that Castlerigg International Limited,
whose signature appears below, constitutes and appoints each of James A.
Cacioppo, Timothy O'Brien, Michael R. Fischer and Richard A. Gashler as its
attorney-in-fact and agent for the undersigned solely for the purpose of
executing reports required under Sections 13(d) and 16 of the Securities
Exchange Act of 1934, as amended, and filing the same, with exhibits and
appendices thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, thereby ratifying and confirming all
that each said attorney-in-fact may do or cause to be done by virtue
hereof.
Dated: March 17, 2005 CASTLERIGG INTERNATIONAL LIMITED
By: Sandell Asset Management Corp.
As Investment Manager
By: /s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell
Title: Chief Executive Officer
POWER OF ATTORNEY
-----------------
KNOW ALL MEN BY THESE PRESENTS, that Castlerigg International Holdings
Limited, whose signature appears below, constitutes and appoints each of
James A. Cacioppo, Timothy O'Brien, Michael R. Fischer and Richard A.
Gashler as its attorney-in-fact and agent for the undersigned solely for
the purpose of executing reports required under Sections 13(d) and 16 of
the Securities Exchange Act of 1934, as amended, and filing the same, with
exhibits and appendices thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, thereby ratifying
and confirming all that each said attorney-in-fact may do or cause to be
done by virtue hereof.
Dated: March 17, 2005 CASTLERIGG INTERNATIONAL HOLDINGS LIMITED
By: Sandell Asset Management Corp.
As Investment Manager
By: /s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell
Title: Chief Executive Officer
POWER OF ATTORNEY
-----------------
KNOW ALL MEN BY THESE PRESENTS, that Thomas E. Sandell, whose signature
appears below, constitutes and appoints each of James A. Cacioppo, Timothy
O'Brien, Michael R. Fischer and Richard A. Gashler as his attorney-in-fact
and agent for the undersigned solely for the purpose of executing reports
required under Sections 13(d) and 16 of the Securities Exchange Act of
1934, as amended, and filing the same, with exhibits and appendices
thereto, and other documents in connection therewith, with the Securities
and Exchange Commission, thereby ratifying and confirming all that each
said attorney-in-fact may do or cause to be done by virtue hereof.
Dated: March 17, 2005
/s/ Thomas E. Sandell
------------------------------
Thomas E. Sandell