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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _________)*
Ligand Pharmaceuticals Incorporated
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.001 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
53220K207
--------------------------------------------------------------------------------
(CUSIP Number)
Mark C. Wehrly
Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(415) 421-2132
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 31, 2006
--------------------------------------------------------------------------------
(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 Sections 240.13d-1(e), 13d-1(f) or 240.13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on 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).
(Continued on following pages)
Page 1 of 54 Pages
Exhibit Index Found on Page 52
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday Asset Management, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 2 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday G.P. (U.S.), L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
OO
------------====================================================================
Page 3 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday Capital, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
OO
------------====================================================================
Page 4 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 5 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Saurabh K. Mittal
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
India
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 6 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Noonday Capital Partners, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 9,100 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
9,100 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
9,100 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
OO
------------====================================================================
Page 7 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 978,961 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
978,961 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
978,961 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.2% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 8 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 833,508 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
833,508 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
833,508 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.0% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 9 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 142,823 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
142,823 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
142,823 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.2% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 10 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 98,211 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
98,211 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
98,211 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.1% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 11 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
New York
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 37,388 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
37,388 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
37,388 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 12 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
RR Capital Partners, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 17,850 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
17,850 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
17,850 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 13 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Offshore Investors II, L.P.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
WC, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Cayman Islands
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 756,875 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
756,875 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
756,875 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.0% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 14 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,698,511 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
1,698,511 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,698,511 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.1% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IA, OO
------------====================================================================
Page 15 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Partners, L.L.C.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 2,874,716 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
2,874,716 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,874,716 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
3.5% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
OO
------------====================================================================
Page 16 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Chun R. Ding
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 17 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 18 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 19 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Monica R. Landry
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 20 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 21 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 22 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jason E. Moment
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 23 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Rajiv A. Patel
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 24 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Derek C. Schrier
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 25 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 26 of 54 Pages
13D
===================
CUSIP No. 53220K207
===================
------------====================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mark C. Wehrly
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
2
** The reporting persons making this filing hold an
aggregate of 4,573,227 Shares, which is 5.6% of the
class of securities. The reporting person on this
cover page, however, may be deemed a beneficial owner
only of the securities reported by it on this cover
page. [See Preliminary Note]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
SOURCE OF FUNDS (See Instructions)
4
AF, OO
------------====================================================================
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e)
[ ]
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------====================================================================
SOLE VOTING POWER
7
NUMBER OF -0-
------------===========================================
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 4,573,227 [See Preliminary Note]
------------===========================================
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON WITH ------------===========================================
SHARED DISPOSITIVE POWER
10
4,573,227 [See Preliminary Note]
------------====================================================================
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,573,227 [See Preliminary Note]
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6% [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 27 of 54 Pages
Preliminary Note: The Reporting Persons (as defined below) are filing
this Schedule 13D with respect to the shares of Common Stock, par value $0.001
per share (the "Shares"),of Ligand Pharmaceuticals Incorporated (the "Company").
Certain of the Reporting Persons own, in aggregate, (i) 1,170,800 Shares, (ii)
$18,800,000 principal amount of 6% Convertible Subordinated Notes due 2007 (the
"Convertible Notes") issued by the Company, each $1,000 principal amount of
Convertible Notes immediately convertible to 161.9905 Shares, and (iii) Warrants
(the "Warrants") issued by the Company to purchase 357,006 Shares. Each Warrant
has an exercise price of $10 per Share, is immediately exercisable and has an
expiration date of October 6, 2006. If all of such Convertible Notes and
Warrants were converted or exercised, as applicable, the Reporting Persons would
(including Shares currently held) own, in aggregate, 4,573,227 Shares. Unless
stated otherwise, all numbers and percentages contained in this Schedule 13D
represent Shares currently held by certain Reporting Persons and all Shares that
would be issued to certain Reporting Persons assuming full conversion or
exercise, as applicable, of the Convertible Notes and Warrants, and such numbers
and percentages do not otherwise reflect the Convertible Notes or Warrants. For
information regarding the Convertible Notes, see the Company's Registration
Statement on a Form S-3 filed with the Securities and Exchange Commission on
January 13, 2003, as amended. For information regarding the Warrants, see the
Company's Annual Statement on a Form 10K filed with the Securities and Exchange
Commission on March 21, 2003, as amended.
Item 1. Security And Issuer
------ -------------------
This statement relates to the Shares. The Company's principal offices
are located at 10275 Science Center Drive, San Diego, CA 92121-1117.
Item 2. Identity And Background
------ -----------------------
(a) This statement is filed by the entities and persons listed below,
all of whom together are referred to herein as the "Reporting Persons."
The Noonday Sub-adviser Entities
--------------------------------
(i) Noonday G.P. (U.S.), L.L.C., a Delaware limited
liability company which is a sub-investment
adviser(1) to each of the Funds and the Managed
Accounts (the "First Noonday Sub-adviser"), with
respect to all of the Shares beneficially held by the
Funds and the Managed Accounts (through their direct
ownership of Shares, Convertible Notes and Warrants);
(ii) Noonday Asset Management, L.P., a Delaware limited
partnership which is a sub-investment adviser(1) to
each of the Funds and the Managed Accounts (the
"Second Noonday Sub-adviser"), with respect to all of
the Shares
--------
(1) The First Noonday Sub-adviser and the Second Noonday Sub-adviser entered
into certain subadvisory arrangements with the Management Company and the
Farallon General Partner effective as of January 1, 2005, pursuant to which the
First Noonday Sub-adviser and the Second Noonday Sub-adviser were granted
investment discretion over all of the assets of the Noonday Fund and certain of
the assets of the Farallon Funds and the Managed Accounts.
Page 28 of 54 Pages
beneficially held by the Funds and the Managed
Accounts (through their direct ownership of Shares,
Convertible Notes and Warrants); and
(iii) Noonday Capital, L.L.C., a Delaware limited liability
company which is the general partner of the Second
Noonday Sub-adviser (the "Noonday General Partner"),
with respect to all of the Shares beneficially held
by the Funds and the Managed Accounts (through their
direct ownership of Shares, Convertible Notes and
Warrants).
The First Noonday Sub-adviser, the Second Noonday Sub-adviser and the
Noonday General Partner are together referred to herein as the "Noonday
Sub-adviser Entities."
The Noonday Managing Members
----------------------------
(iv) David I. Cohen ("Cohen") and Saurabh K. Mittal
("Mittal"), the managing members of both the First
Noonday Sub-adviser and the Noonday General Partner,
with respect to all of the Shares beneficially held
by the Funds and the Managed Accounts (through their
direct ownership of Shares, Convertible Notes and
Warrants).
Cohen and Mittal are referred to herein as the "Noonday Individual
Reporting Persons."
The Noonday Fund
----------------
(v) Noonday Capital Partners, L.L.C., a Delaware limited
liability company (the "Noonday Fund"), with respect
to the Shares held by it.
The Farallon Funds
------------------
(vi) Farallon Capital Partners, L.P., a California limited
partnership ("FCP"), with respect to the Shares
beneficially held by it (through its direct ownership
of Shares, Convertible Notes and Warrants);
(vii) Farallon Capital Institutional Partners, L.P., a
California limited partnership ("FCIP"), with respect
to the Shares beneficially held by it (through its
direct ownership of Shares, Convertible Notes and
Warrants);
(viii) Farallon Capital Institutional Partners II, L.P., a
California limited partnership ("FCIP II"), with
respect to the Shares beneficially held by it
(through its direct ownership of Shares, Convertible
Notes and Warrants);
(ix) Farallon Capital Institutional Partners III, L.P., a
Delaware limited partnership ("FCIP III"), with
respect to the Shares beneficially held by it
(through its direct ownership of Shares, Convertible
Notes and Warrants);
Page 29 of 54 Pages
(x) Tinicum Partners, L.P., a New York limited
partnership ("Tinicum"), with respect to the Shares
beneficially held by it (through its direct ownership
of Shares and Convertible Notes);
(xi) RR Capital Partners, L.P., a Delaware limited
partnership ("RR"), with respect to the Shares
beneficially held by it (through its direct ownership
of Warrants); and
(xii) Farallon Capital Offshore Investors II, L.P., a
Cayman Islands exempted limited partnership ("FCOI
II"), with respect to the Shares beneficially held by
it (through its direct ownership of Shares and
Convertible Notes).
FCP, FCIP, FCIP II, FCIP III, Tinicum, RR and FCOI II are together
referred to herein as the "Farallon Funds." The Noonday Fund and the Farallon
Funds are together referred to herein as the "Funds."
The Management Company
----------------------
(xiii) Farallon Capital Management, L.L.C., a Delaware
limited liability company (the "Management Company"),
with respect to the Shares beneficially held by
certain accounts managed by the Management Company
(the "Managed Accounts") (through their direct
ownership of Shares and Convertible Notes).
The Farallon General Partner
----------------------------
(xiv) Farallon Partners, L.L.C., a Delaware limited
liability company which is the general partner of
each of the Farallon Funds and the managing member of
the Noonday Fund (the "Farallon General Partner"),
with respect to the Shares beneficially held by each
of the Funds (through their direct ownership of
Shares, Convertible Notes and Warrants).
The Farallon Managing Members
-----------------------------
(xv) The following persons who are managing members of
both the Farallon General Partner and the Management
Company, with respect to the Shares beneficially held
by the Funds and the Managed Accounts (through their
direct ownership of Shares, Convertible Notes and
Warrants): Chun R. Ding ("Ding"), William F. Duhamel
("Duhamel"), Richard B. Fried ("Fried"), Monica R.
Landry ("Landry"), William F. Mellin ("Mellin"),
Stephen L. Millham ("Millham"), Jason E. Moment
("Moment"), Rajiv A. Patel ("Patel"), Derek C.
Schrier ("Schrier"), Thomas F. Steyer ("Steyer") and
Mark C. Wehrly ("Wehrly").
Ding, Duhamel, Fried, Landry, Mellin, Millham, Moment, Patel, Schrier,
Steyer and Wehrly are together referred to herein as the "Farallon Individual
Reporting Persons." The Noonday
Page 30 of 54 Pages
Individual Reporting Persons and the Farallon Individual Reporting Persons are
together referred to herein as the "Individual Reporting Persons."
(b) The address of the principal business and principal office of (i)
the Funds, the Management Company and the Farallon General Partner is One
Maritime Plaza, Suite 1325, SanFrancisco, California 94111, (ii) the Noonday
Sub-adviser Entities is 227 West Trade Street, Suite 2140, Charlotte, North
Carolina 28202 and (iii) each of the Individual Reporting Persons is set forth
in Annex 1 hereto.
(c) The principal business of each of the Funds is that of a private
investment fund engaging in the purchase and sale of investments for its own
account. The principal business of the First Noonday Sub-adviser and the Second
Noonday Sub-adviser is to act as a sub-investment adviser to the Funds and the
Managed Accounts. The principal business of the Noonday General Partner is to
act as the general partner of the Second Noonday Sub-adviser. The principal
business of the Management Company is that of a registered investment adviser.
The principal business of the Farallon General Partner is to act as the general
partner of the Farallon Funds and the managing member of the Noonday Fund. The
principal business of each of the Individual Reporting Persons is set forth in
Annex 1 hereto.
(d) None of the Funds, the Noonday Sub-adviser Entities, the Management
Company, the Farallon General Partner or the Individual Reporting Persons has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the Funds, the Noonday Sub-adviser Entities, the Management
Company, the Farallon General Partner or the Individual Reporting Persons has,
during the last five years, been 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.
(f) The citizenship of each of the Funds, the Noonday Sub-adviser
Entities, the Management Company and the Farallon General Partner is set forth
above. Each of the Individual Reporting Persons other than Mittal is a citizen
of the United States. Mittal is a citizen of India.
The other information required by Item 2 relating to the identity and
background of the Reporting Persons is set forth in Annex 1 hereto.
Item 3. Source And Amount Of Funds And Other Consideration
------ --------------------------------------------------
The net investment cost (including commissions) for the Shares held by
each of the Funds and the Managed Accounts is set forth below:
Page 31 of 54 Pages
Entity Shares Held Approximate Net
------ ----------- ---------------
Investment Cost
---------------
Noonday Fund 9,100 $ 81,084
FCP 187,300 $ 1,693,240
FCIP 108,500 $ 983,020
FCIP II 11,500 $ 103,998
FCIP III 3,400 $ 31,157
Tinicum 5,800 $ 52,509
RR 0 $ 0
FCOI II 220,200 $ 1,989,033
Managed Accounts 625,000 $ 5,655,426
The net investment cost (including commissions) of the principle
amounts of Convertible Notes held by each of the Funds and the Managed Accounts
is set forth below:
Entity Principle Amount of Convertible Approximate Net
------ ------------------------------- ---------------
Notes Held Investment Cost
---------- ---------------
Noonday Fund $ 0 $ 0
FCP $ 4,270,000 $ 6,372,781
FCIP $ 3,550,000 $ 5,301,516
FCIP II $ 425,000 $ 635,363
FCIP III $ 420,000 $ 627,158
Tinicum $ 195,000 $ 292,401
RR $ 0 $ 0
FCOI II $ 3,313,000 $ 5,472,165
Managed Accounts $ 6,627,000 $ 10,076,952
The net investment cost (including commissions) for the Warrants held
by each of the Funds and the Managed Accounts is set forth below:
Entity Warrants Held Approximate Net
------ ------------- ---------------
Investment Cost
---------------
Noonday Fund 0 $ 0
FCP 99,962 $ 252,481
FCIP 149,942 $ 378,713
FCIP II 62,477 $ 154,206
FCIP III 26,775 $ 66,086
Tinicum 0 $ 0
RR 17,850 $ 44,057
FCOI II 0 $ 0
Managed Accounts 0 $ 0
The consideration for such acquisitions was obtained as follows: (i)
with respect to the Noonday Fund, FCP, Tinicum and FCOI II, from working capital
and/or from borrowings pursuant to margin accounts maintained in the ordinary
course of business by the Noonday Fund, FCP,
Page 32 of 54 Pages
Tinicum and FCOI II at Goldman, Sachs & Co.; (ii) with respect to FCIP, FCIP II,
FCIP III and RR from working capital; and (iii) with respect to the Managed
Accounts, from the working capital of the Managed Accounts and/or from
borrowings pursuant to margin accounts maintained in the ordinary course of
business by some of the Managed Accounts at Goldman, Sachs & Co. The Noonday
Fund, FCP, Tinicum, FCOI II and some of the Managed Accounts hold certain
securities in their respective margin accounts at Goldman, Sachs & Co., and the
accounts may from time to time have debit balances. It is not possible to
determine the amount of borrowings, if any, used to acquire the Shares, the
Convertible Notes and the Warrants.
Item 4. Purpose Of The Transaction
------ --------------------------
The purpose of the acquisition of the Shares, the Convertible Notes and
the Warrants is for investment, and the acquisitions of the Shares, the
Convertible Notes and/or the Warrants by each of the Funds and the Managed
Accounts were made in the ordinary course of business and were not made for the
purpose of acquiring control of the Company.
Although no Reporting Person has any specific plan or proposal to
acquire or dispose of Shares, Convertible Notes or Warrants, consistent with its
investment purpose, each Reporting Person at any time and from time to time may
acquire additional Shares, Convertible Notes and/or Warrants or dispose of any
or all of its Shares, Convertible Notes and/or Warrants depending upon an
ongoing evaluation of the investment in the Shares, Convertible Notes and/or
Warrants, prevailing market conditions, other investment opportunities,
liquidity requirements of the Reporting Person and/or other investment
considerations. No Reporting Person has made a determination regarding a maximum
or minimum number of Shares, Convertible Notes and/or Warrants which it may hold
at any point in time.
Also, consistent with their investment intent, the Reporting Persons
may engage in communications with one or more shareholders of the Company, one
or more officers of the Company and/or one or more members of the board of
directors of the Company regarding the Company, including but not limited to its
operations.
Except to the extent the foregoing may be deemed a plan or proposal,
none of the Reporting Persons has any 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 5. Interest In Securities Of The Issuer
------ ------------------------------------
(a) The Funds
---------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Fund is incorporated
herein by reference for each such Fund. The
percentage amount set forth in Row 13 for all cover
pages filed herewith is calculated based upon the
78,740,945 Shares outstanding as of July 31, 2006 as
reported by the Company in its Quarterly Report on
Form 10-Q for the period ended June 30, 2006 filed
with the Securities and Exchange Commission on August
9, 2006, plus the number of additional Shares each
Page 33 of 54 Pages
Reporting Person is deemed to own through its
beneficial ownership of Convertible Notes and
Warrants.
(c) The trade dates, number of Shares purchased or sold
and the price per Share (including commissions) for
all purchases and sales of the Shares by the Funds in
the past 60 days are set forth on Schedules A-G
hereto and are incorporated herein by reference. All
of such transactions were open-market transactions.
No transactions in Convertible Notes or Warrants have
been consummated in the past 60 days.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds as reported herein. The
Noonday General Partner is the general partner of the
Second Noonday Sub-adviser. The Noonday Individual
Reporting Persons are managing members of both the
First Noonday Sub-adviser and the Noonday General
Partner. The Farallon Individual Reporting Persons
are managing members of the Farallon General Partner.
(e) Not applicable.
(b) The Noonday Sub-adviser Entities
--------------------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Noonday Sub-adviser Entity
is incorporated herein by reference for each such
Noonday Sub-adviser Entity.
(c) None.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser, and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds as reported herein. Each
of the First Noonday Sub-adviser, the Second Noonday
Sub-adviser and the Management Company has the power
to direct the receipt of dividends relating to, or
the disposition of the proceeds of the sale of, all
of the Shares, Convertible Notes and Warrants held by
the Managed Accounts as reported herein. The Noonday
General Partner is the general partner of the Second
Noonday Sub-adviser. The Noonday Individual Reporting
Persons are managing members of both the First
Noonday Sub-adviser and the Noonday General Partner.
The Farallon Individual Reporting Persons are
managing members of both the Farallon General Partner
and the Management Company.
(e) Not applicable.
Page 34 of 54 Pages
(c) The Noonday Individual Reporting Persons
----------------------------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Noonday Individual
Reporting Person is incorporated herein by reference
for each such Noonday Individual Reporting Person.
(c) None.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds. Each of the First Noonday
Sub-adviser, the Second Noonday Sub-adviser and the
Management Company has the power to direct the
receipt of dividends relating to, or the disposition
of the proceeds of the sale of, all of the Shares,
Convertible Notes and Warrants held by the Managed
Accounts. The Noonday General Partner is the general
partner of the Second Noonday Sub-adviser. The
Noonday Individual Reporting Persons are managing
members of both the First Noonday Sub-adviser and the
Noonday General Partner. The Farallon Individual
Reporting Persons are managing members of both the
Farallon General Partner and the Management Company.
(e) Not applicable.
(d) The Management Company
----------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for the Management Company is
incorporated herein by reference.
(c) The trade dates, number of Shares purchased or sold
and the price per Share (including commissions) for
all purchases and sales of the Shares by the
Management Company on behalf of the Managed Accounts
in the past 60 days are set forth on Schedule H
hereto and are incorporated herein by reference. All
of such transactions were open-market transactions.
No transactions in Convertible Notes or Warrants have
been consummated in the past 60 days.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Management Company has
the power to direct the receipt of dividends relating
to, or the disposition of the proceeds of the sale
of, all of the Shares, Convertible Notes and Warrants
held by the Managed Accounts as reported herein. The
Noonday General Partner is the general partner of the
Second Noonday Sub-adviser. The Noonday Individual
Reporting Persons are managing members of both the
First Noonday Sub-adviser and
Page 35 of 54 Pages
the Noonday General Partner. The Farallon Individual
Reporting Persons are managing members of the
Management Company.
(e) Not applicable.
(e) The Farallon General Partner
----------------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for the Farallon General Partner is
incorporated herein by reference.
(c) None.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds as reported herein. The
Noonday General Partner is the general partner of the
Second Noonday Sub-adviser. The Noonday Individual
Reporting Persons are managing members of both the
First Noonday Sub-adviser and the Noonday General
Partner. The Farallon Individual Reporting Persons
are managing members of the Farallon General Partner.
(e) Not applicable.
(f) The Farallon Individual Reporting Persons
-----------------------------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Farallon Individual
Reporting Person is incorporated herein by reference
for each such Farallon Individual Reporting Person.
(c) None.
(d) Each of the First Noonday Sub-adviser, the Second
Noonday Sub-adviser and the Farallon General Partner
has the power to direct the receipt of dividends
relating to, or the disposition of the proceeds of
the sale of, all of the Shares, Convertible Notes and
Warrants held by the Funds as reported herein. Each
of the First Noonday Sub-adviser, the Second Noonday
Sub-adviser and the Management Company has the power
to direct the receipt of dividends relating to, or
the disposition of the proceeds of the sale of, all
of the Shares, Convertible Notes and Warrants held by
the Managed Accounts as reported herein. The Noonday
General Partner is the general partner of the Second
Noonday Sub-adviser. The Noonday Individual Reporting
Persons are managing members of both the First
Noonday Sub-adviser and the Noonday General Partner.
The Farallon Individual Reporting Persons are
managing members of both the Farallon General Partner
and the Management Company.
Page 36 of 54 Pages
(e) Not applicable.
The Shares reported hereby for the Funds are beneficially owned by the
Funds (through their direct ownership of Shares, Convertible Notes and Warrants)
and those reported by the Management Company on behalf of the Managed Accounts
are beneficially owned by the Managed Accounts (through their direct ownership
of Shares, Convertible Notes and Warrants). The First Noonday Sub-adviser and
the Second Noonday Sub-adviser, as sub-investment advisers to the Funds and the
Managed Accounts, may be deemed to be the beneficial owners of all such Shares
beneficially owned by the Funds and the Managed Accounts (in each case through
their direct ownership of Shares, Convertible Notes and Warrants). The Noonday
General Partner, as general partner to the Second Noonday Sub-adviser, may be
deemed to be the beneficial owner of all such Shares beneficially owned by the
Funds and the Managed Accounts (in each case through their direct ownership of
Shares, Convertible Notes and Warrants). The Noonday Individual Reporting
Persons, as managing members of both the First Noonday Sub-adviser and the
Noonday General Partner, may each be deemed to be the beneficial owner of all
such Shares beneficially owned by the Funds and the Managed Accounts (in each
case through their direct ownership of Shares, Convertible Notes and Warrants).
The Management Company, as investment adviser to the Managed Accounts, may be
deemed to be the beneficial owner of all such Shares beneficially owned by the
Managed Accounts (through their direct ownership of Shares, Convertible Notes
and Warrants). The Farallon General Partner, as general partner to the Farallon
Funds and managing member of the Noonday Fund, may be deemed to be the
beneficial owner of all such Shares beneficially owned by the Funds (through
their direct ownership of Shares, Convertible Notes and Warrants). The Farallon
Individual Reporting Persons, as managing members of both the Management Company
and the Farallon General Partner with the power to exercise investment
discretion, may each be deemed to be the beneficial owner of all such Shares
beneficially owned by the Funds and the Managed Accounts (in each case through
their direct ownership of Shares, Convertible Notes and Warrants). Each of the
Noonday Sub-adviser Entities, the Management Company, the Farallon General
Partner and the Individual Reporting Persons hereby disclaims any beneficial
ownership of any such Shares.
Item 6. Contracts, Arrangements, Understandings Or
------ ------------------------------------------
Relationships With Respect To Securities Of The Issuer
------------------------------------------------------
Except as described above, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the Reporting Persons
or between such persons and any other person with respect to any securities of
the Company, including but not limited to the transfer or voting of any
securities of the Company, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, divisions of profits or
loss, or the giving or withholding of proxies.
Page 37 of 54 Pages
Item 7. Materials To Be Filed As Exhibits
------ ---------------------------------
There is filed herewith as Exhibit 1 a written agreement relating to
the filing of joint acquisition statements as required by Section 240.13d-1(k)
under the Securities Exchange Act of 1934, as amended.
Page 38 of 54 Pages
SIGNATURES
----------
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: August 10, 2006
/s/ Mark C. Wehrly
----------------------------------------
NOONDAY CAPITAL, L.L.C.,
On its own behalf and
as the General Partner of
NOONDAY ASSET MANAGEMENT, L.P.
By Mark C. Wehrly,
Attorney-in-fact
/s/ Mark C. Wehrly
----------------------------------------
NOONDAY G.P. (U.S.), L.L.C.
By Mark C. Wehrly,
Attorney-in-fact
/s/ Mark C. Wehrly
----------------------------------------
FARALLON PARTNERS, L.L.C.,
On its own behalf,
as the General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P.,
RR CAPITAL PARTNERS, L.P. and
FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
and as the Managing Member of
NOONDAY CAPITAL PARTNERS, L.L.C.
By Mark C. Wehrly,
Managing Member
/s/ Mark C. Wehrly
---------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.
By Mark C. Wehrly,
Managing Member
Page 39 of 54 Pages
/s/ Mark C. Wehrly
----------------------------------------
Mark C. Wehrly, individually and as attorney-in-fact for
each of David I. Cohen, Chun R. Ding, William F. Duhamel,
Richard B. Fried, Monica R. Landry, William F. Mellin,
Stephen L. Millham, Saurabh K. Mittal, Jason E. Moment,
Rajiv A. Patel, Derek C. Schrier and Thomas F. Steyer
The Powers of Attorney executed by Ding and Schrier authorizing Wehrly
to sign and file this Schedule 13D on each person's behalf, which were filed
with Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange
Commission on July 2, 2003, by such Reporting Persons with respect to the Common
Stock of Salix Pharmaceuticals, Ltd., are hereby incorporated by reference. The
Power of Attorney executed by Patel authorizing Wehrly to sign and file this
Schedule 13D on his behalf, which was filed with Amendment No. 4 to the Schedule
13G filed with the Securities and Exchange Commission on January 8, 2004, by
such Reporting Person with respect to the Common Stock of Catalytica Energy
Systems, Inc., is hereby incorporated by reference. The Powers of Attorney
executed by Noonday G.P. (U.S.), L.L.C., Noonday Asset Management, L.P., Noonday
Capital, L.L.C. and Cohen authorizing Wehrly to sign and file this Schedule 13D
on each person's behalf, which were filed with Amendment No. 5 to the Schedule
13G filed with the Securities and Exchange Commission on January 10, 2005, by
such Reporting Person with respect to the Common Stock of Catalytica Energy
Systems, Inc., are hereby incorporated by reference. The Power of Attorney
executed by Mittal authorizing Wehrly to sign and file this Schedule 13D on his
behalf, which was filed with Amendment No. 6 to the Schedule 13G filed with the
Securities and Exchange Commission on October 5, 2005, by such Reporting Person
with respect to the Common Stock of Catalytica Energy Systems, Inc., is hereby
incorporated by reference. The Power of Attorney executed by Moment authorizing
Wehrly to sign and file this Schedule 13D on his behalf, which was filed with
the Schedule 13D filed with the Securities and Exchange Commission on January 9,
2006, by such Reporting Person with respect to the Common Stock of Vintage
Petroleum, Inc., is hereby incorporated by reference. The Powers of Attorney
executed by Duhamel, Fried, Landry, Mellin, Millham and Steyer authorizing
Wehrly to sign and file this Schedule 13D on each person's behalf, which were
filed with Amendment No. 2 to the Schedule 13G filed with the Securities and
Exchange Commission on January 13, 2006, by such Reporting Persons with respect
to the Common Stock of Arbor Realty Trust, Inc., are hereby incorporated by
reference.
Page 40 of 54 Pages
ANNEX 1
Set forth below with respect to the Noonday Sub-adviser Entities, the
Management Company and the Farallon General Partner is the following
information: (a) name; (b) address; (c) principal business; (d) state of
organization; and (e) controlling persons. Set forth below with respect to each
Individual Reporting Person is the following information: (a) name; (b) business
address; (c) principal occupation; and (d) citizenship.
1. The First Noonday Sub-adviser
-----------------------------
(a) Noonday G.P. (U.S.), L.L.C.
(b) c/o Noonday Asset Management, L.P.
227 West Trade Street, Suite 2140
Charlotte, North Carolina 28202
(c) Serves as sub-investment adviser to investment funds
(d) Delaware limited liability company
(e) Managing Members: David I. Cohen and Saurabh K. Mittal
2. The Second Noonday Sub-adviser
------------------------------
(a) Noonday Asset Management, L.P.
(b) 227 West Trade Street, Suite 2140
Charlotte, North Carolina 28202
(c) Serves as sub-investment adviser to investment funds
(d) Delaware limited partnership
(e) David I. Cohen and Saurabh K. Mittal, the managing members of its
general partner
3. The Noonday General Partner
---------------------------
(a) Noonday Capital, L.L.C.
(b) c/o Noonday Asset Management, L.P.
227 West Trade Street, Suite 2140
Charlotte, North Carolina 28202
(c) Serves as general partner of the Second Noonday Sub-adviser
(d) Delaware limited liability company
(e) Managing Members: David I. Cohen and Saurabh K. Mittal
4. The Noonday Individual Reporting Persons
----------------------------------------
Cohen is a citizen of the United States. Mittal is a citizen of India.
The business address of each of the Noonday Individual Reporting
Persons is c/o Noonday Asset Management, L.P., 227 West Trade Street,
Suite 2140, Charlotte, North Carolina 28202. The principal occupation
of each of the Noonday Individual Reporting Persons is serving as the
managing member of both the First Noonday Sub-adviser and the Noonday
General Partner. The Noonday Individual Reporting Persons do not have
any additional information to disclose
Page 41 of 54 Pages
with respect to Items 2-6 of the Schedule 13D that is not already
disclosed in the Schedule 13D.
5. The Management Company
----------------------
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as investment adviser to various managed accounts
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Chun R. Ding, William F. Duhamel, Alice F. Evarts, Richard B.
Fried, Monica R. Landry, William F. Mellin, Stephen L.
Millham, Jason E. Moment, Rajiv A. Patel, Derek C. Schrier,
Gregory S. Swart and Mark C. Wehrly, Managing Members.
6. The Farallon General Partner
----------------------------
(a) Farallon Partners, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as general partner to investment partnerships (d)
Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Chun R. Ding, William F. Duhamel, Alice F. Evarts, Richard B.
Fried, Monica R. Landry, William F. Mellin, Stephen L.
Millham, Jason E. Moment, Rajiv A. Patel, Derek C. Schrier,
Gregory S. Swart and Mark C. Wehrly, Managing Members.
7. Managing Members of the Management Company and the Farallon General
-----------------------------------------------------------------------
Partner
-------
Each of the managing members of the Management Company and the Farallon
General Partner other than Swart is a citizen of the United States.
Swart is a citizen of New Zealand. The business address of each of the
managing members of the Management Company and the Farallon General
Partner is c/o Farallon Capital Management, L.L.C., One Maritime Plaza,
Suite 1325, San Francisco, California 94111. The principal occupation
of Thomas F. Steyer is serving as senior managing member of both the
Management Company and the Farallon General Partner. The principal
occupation of each other managing member of the Management Company and
the Farallon General Partner is serving as a managing member of both
the Management Company and the Farallon General Partner. None of the
managing members of the Management Company and the Farallon General
Partner has any additional information to disclose with respect to
Items 2-6 of the Schedule 13D that is not already disclosed in the
Schedule 13D.
Page 42 of 54 Pages
SCHEDULE A
----------
NOONDAY CAPITAL PARTNERS, L.L.C.
--------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE ($)
------------ ------------ ---------------
07/18/06 300 $ 8.02
07/19/06 1,500 $ 8.66
07/20/06 1,200 $ 8.82
07/21/06 400 $ 8.72
07/24/06 500 $ 9.03
07/24/06 2,100 $ 9.02
07/25/06 800 $ 9.03
07/25/06 400 $ 9.01
07/25/06 700 $ 9.02
07/31/06 400 $ 9.28
08/01/06 700 $ 9.07
08/01/06 100 $ 9.60
Page 43 of 54 Pages
SCHEDULE B
----------
FARALLON CAPITAL PARTNERS, L.P.
-------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE ($)
------------ ------------ ---------------
06/12/06 11,360* $10.78
06/13/06 9,675* $10.75
07/18/06 2,900 $ 8.02
07/19/06 16,700 $ 8.66
07/20/06 13,100 $ 8.82
07/21/06 5,900 $ 8.72
07/24/06 27,600 $ 9.02
07/24/06 6,300 $ 9.03
07/25/06 9,900 $ 9.02
07/25/06 11,600 $ 9.03
07/25/06 5,800 $ 9.01
07/26/06 4,300 $ 9.13
07/27/06 200 $ 9.38
07/27/06 900 $ 9.42
07/28/06 2,200 $ 9.41
07/28/06 2,200 $ 9.42
07/31/06 26,800 $ 9.28
07/31/06 2,900 $ 9.29
08/01/06 8,000 $ 9.60
08/01/06 40,000 $ 9.07
-----------------------
* These purchases were effected in conjunction with the closing of a short
position then held by the Reporting Person.
Page 44 of 54 Pages
SCHEDULE C
----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.
---------------------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE ($)
------------ ------------ ---------------
06/12/06 9,440* $10.78
06/13/06 8,045* $10.75
07/18/06 1,500 $ 8.02
07/19/06 8,300 $ 8.66
07/20/06 6,900 $ 8.82
07/21/06 3,300 $ 8.72
07/24/06 14,000 $ 9.02
07/24/06 3,200 $ 9.03
07/25/06 4,900 $ 9.02
07/25/06 2,900 $ 9.01
07/25/06 5,800 $ 9.03
07/26/06 2,000 $ 9.13
07/27/06 400 $ 9.42
07/27/06 100 $ 9.38
07/28/06 1,500 $ 9.42
07/28/06 1,500 $ 9.41
07/31/06 17,300 $ 9.28
07/31/06 1,900 $ 9.29
08/01/06 5,500 $ 9.60
08/01/06 27,500 $ 9.07
-----------------------
* These purchases were effected in conjunction with the closing of a short
position then held by the Reporting Person.
Page 45 of 54 Pages
SCHEDULE D
----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.
------------------------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE ($)
------------ ------------ ---------------
06/12/06 1,130* $10.78
06/13/06 965* $10.75
07/18/06 200 $ 8.02
07/19/06 1,000 $ 8.66
07/20/06 800 $ 8.82
07/21/06 400 $ 8.72
07/24/06 300 $ 9.03
07/24/06 1,300 $ 9.02
07/25/06 600 $ 9.03
07/25/06 500 $ 9.02
07/25/06 300 $ 9.01
07/26/06 200 $ 9.13
07/28/06 100 $ 9.42
07/28/06 100 $ 9.41
07/31/06 1,700 $ 9.28
07/31/06 200 $ 9.29
08/01/06 600 $ 9.60
08/01/06 3,200 $ 9.07
-----------------------
* These purchases were effected in conjunction with the closing of a short
position then held by the Reporting Person.
Page 46 of 54 Pages
SCHEDULE E
----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.
-------------------------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE ($)
------------ ------------ ---------------
06/12/06 1,120* $10.78
06/13/06 950* $10.75
07/19/06 200 $ 8.66
07/31/06 800 $ 9.28
07/31/06 100 $ 9.29
08/01/06 400 $ 9.60
08/01/06 1,900 $ 9.07
-----------------------
* These purchases were effected in conjunction with the closing of a short
position then held by the Reporting Person.
Page 47 of 54 Pages
SCHEDULE F
----------
TINICUM PARTNERS, L.P.
----------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE ($)
------------ ------------ ---------------
06/12/06 520* $10.78
06/13/06 440* $10.75
07/18/06 100 $ 8.02
07/19/06 500 $ 8.66
07/20/06 200 $ 8.82
07/21/06 200 $ 8.72
07/24/06 900 $ 9.02
07/24/06 200 $ 9.03
07/25/06 400 $ 9.03
07/25/06 200 $ 9.01
07/25/06 300 $ 9.02
07/26/06 200 $ 9.13
07/28/06 100 $ 9.41
07/28/06 100 $ 9.42
07/31/06 100 $ 9.29
07/31/06 800 $ 9.28
08/01/06 300 $ 9.60
08/01/06 1,200 $ 9.07
-----------------------
* These purchases were effected in conjunction with the closing of a short
position then held by the Reporting Person.
Page 48 of 54 Pages
SCHEDULE G
----------
FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
--------------------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE ($)
------------ ------------ ---------------
06/12/06 8,810* $10.78
06/13/06 7,507* $10.75
07/18/06 3,500 $ 8.02
07/19/06 20,500 $ 8.66
07/20/06 15,800 $ 8.82
07/21/06 7,100 $ 8.72
07/24/06 7,600 $ 9.03
07/24/06 33,100 $ 9.02
07/25/06 7,800 $ 9.01
07/25/06 15,400 $ 9.03
07/25/06 13,200 $ 9.02
07/26/06 6,200 $ 9.13
07/27/06 300 $ 9.38
07/27/06 1,300 $ 9.42
07/28/06 2,600 $ 9.42
07/28/06 2,600 $ 9.41
07/31/06 29,700 $ 9.28
07/31/06 3,200 $ 9.29
08/01/06 41,900 $ 9.07
08/01/06 8,400 $ 9.60
-----------------------
* These purchases were effected in conjunction with the closing of a short
position then held by the Reporting Person.
Page 49 of 54 Pages
SCHEDULE H
----------
FARALLON CAPITAL MANAGEMENT, L.L.C.
-----------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE ($)
------------ ------------ ---------------
06/12/06 17,620* $10.78
06/13/06 15,018* $10.75
07/18/06 7,400 $ 8.02
07/19/06 44,000 $ 8.66
07/20/06 34,000 $ 8.82
07/21/06 15,300 $ 8.72
07/24/06 18,000 $ 9.03
07/24/06 78,000 $ 9.02
07/25/06 31,400 $ 9.02
07/25/06 36,500 $ 9.03
07/25/06 18,500 $ 9.01
07/26/06 14,500 $ 9.13
07/27/06 3,300 $ 9.42
07/27/06 1,000 $ 9.38
07/28/06 7,200 $ 9.41
07/28/06 7,200 $ 9.42
07/31/06 7,800 $ 9.29
07/31/06 73,500 $ 9.28
08/01/06 21,200 $ 9.60
08/01/06 106,100 $ 9.07
07/18/06 1,200 $ 8.02
07/19/06 7,300 $ 8.66
07/20/06 5,000 $ 8.82
07/21/06 2,600 $ 8.72
07/24/06 12,700 $ 9.02
07/24/06 2,900 $ 9.03
07/25/06 5,100 $ 9.02
07/25/06 3,000 $ 9.01
07/25/06 6,000 $ 9.03
07/26/06 2,600 $ 9.13
07/27/06 500 $ 9.42
-----------------------
* These purchases were effected in conjunction with the closing of a short
position then held by the Reporting Person.
Page 50 of 54 Pages
07/27/06 100 $ 9.38
07/28/06 1,300 $ 9.41
07/28/06 1,300 $ 9.42
07/31/06 14,000 $ 9.28
07/31/06 1,500 $ 9.29
08/01/06 5,500 $ 9.60
08/01/06 27,500 $ 9.07
Page 51 of 54 Pages
EXHIBIT INDEX
EXHIBIT 1 Joint Acquisition Statement Pursuant to
Section 240.13d-1(k)
Page 52 of 54 Pages
EXHIBIT 1
to
SCHEDULE 13D
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13d-1(k)
--------------------------------
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 on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. 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 him, her or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated: August 10, 2006
/s/ Mark C. Wehrly
----------------------------------------
NOONDAY CAPITAL, L.L.C.,
On its own behalf and
as the General Partner of
NOONDAY ASSET MANAGEMENT, L.P.
By Mark C. Wehrly,
Attorney-in-fact
/s/ Mark C. Wehrly
----------------------------------------
NOONDAY G.P. (U.S.), L.L.C.
By Mark C. Wehrly,
Attorney-in-fact
/s/ Mark C. Wehrly
----------------------------------------
FARALLON PARTNERS, L.L.C.,
On its own behalf,
as the General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P.,
RR CAPITAL PARTNERS, L.P. and
FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
and as the Managing Member of
NOONDAY CAPITAL PARTNERS, L.L.C.
By Mark C. Wehrly,
Managing Member
Page 53 of 54 Pages
/s/ Mark C. Wehrly
---------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.
By Mark C. Wehrly,
Managing Member
/s/ Mark C. Wehrly
----------------------------------------
Mark C. Wehrly, individually and as attorney-in-fact for
each of David I. Cohen, Chun R. Ding, William F. Duhamel,
Richard B. Fried, Monica R. Landry, William F. Mellin,
Stephen L. Millham, Saurabh K. Mittal, Jason E. Moment,
Rajiv A. Patel, Derek C. Schrier and Thomas F. Steyer
Page 54 of 54 Pages