-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ofh9tD3efAJ3wNpAQGgMK/ehJuhWZPerhM8UPUYcuavxgTu6KYeHTeUcnp+UcCQL vXr8DTIQsxsoVi3V4sTMeA== 0000919574-08-002466.txt : 20080409 0000919574-08-002466.hdr.sgml : 20080409 20080409062344 ACCESSION NUMBER: 0000919574-08-002466 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080409 DATE AS OF CHANGE: 20080409 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MDS INC CENTRAL INDEX KEY: 0001057698 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-60353 FILM NUMBER: 08746545 BUSINESS ADDRESS: STREET 1: 2700 MATHESON BLVD. E. STREET 2: SUITE 300, WEST TOWER CITY: MISSISSAUGA STATE: A6 ZIP: L4W 4V9 BUSINESS PHONE: 4162134082 MAIL ADDRESS: STREET 1: 2700 MATHESON BLVD. E. STREET 2: SUITE 300, WEST TOWER CITY: MISSISSAUGA STATE: A6 ZIP: L4W 4V9 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OBREM CAPITAL MANAGEMENT, LLC CENTRAL INDEX KEY: 0001429441 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 733 THIRD AVENUE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 646-454-5311 MAIL ADDRESS: STREET 1: 733 THIRD AVENUE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D 1 d872368_13d.htm SCHEDULE 13D d872368_13d.htm
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13D
THE SECURITIES EXCHANGE ACT OF 1934



MDS Inc.
(Name of Issuer)


Common Shares, no par value
(Title of Class of Securities)


55269P302
(CUSIP Number)

 
Obrem Capital Management, LLC
733 3rd Avenue
11th Floor
New York, New York 10017
Telephone - (646) 454-5311
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 
April 8, 2008
(Date of Event Which Requires Filing of this Statement)
 

 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13D-1(e), 240.13d-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 § 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).
 
 

 

CUSIP No.
55269P302
   

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Obrem Capital Management, LLC
 

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
(a)
[_]
   
(b)
[_]

3.
SEC USE ONLY
 
     
     

4.
SOURCE OF FUNDS
 
     
 
WC
 

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
[_]
     
     

6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Delaware
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     

7.
SOLE VOTING POWER
 
     
 
0
 

8.
SHARED VOTING POWER
 
     
 
6,242,200
 

9.
SOLE DISPOSITIVE POWER
     
 
0
 

10.
SHARED DISPOSITIVE POWER
 
[_]
     
 
6,242,200
 

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
6,242,200
 

12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
     

13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
5.10%
 

14.
TYPE OF REPORTING PERSON
 
     
 
OO
 
 
 

 

CUSIP No.
55269P302
   

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Obrem Capital (GP), LLC
 

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
(a)
[_]
   
(b)
[_]

3.
SEC USE ONLY
 
     
     

4.
SOURCE OF FUNDS
 
     
 
WC
 

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
[_]
     
     

6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Delaware
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     

7.
SOLE VOTING POWER
 
     
 
0
 

8.
SHARED VOTING POWER
 
     
 
6,242,200
 

9.
SOLE DISPOSITIVE POWER
     
 
0
 
 
10.
SHARED DISPOSITIVE POWER
 
[_]
     
 
6,242,200
 

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
6,242,200
 

12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
     

13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
5.10%
 

14.
TYPE OF REPORTING PERSON
 
     
 
OO
 

 

 

CUSIP No.
55269P302
   

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Andrew Rechtschaffen
 

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
(a)
[_]
   
(b)
[_]

3.
SEC USE ONLY
 
     
     

4.
SOURCE OF FUNDS
 
     
 
WC
 

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
[_]
     
     

6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States of America
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     

7.
SOLE VOTING POWER
 
     
 
0
 

8.
SHARED VOTING POWER
 
     
 
6,242,200
 

9.
SOLE DISPOSITIVE POWER
     
 
0
 

10.
SHARED DISPOSITIVE POWER
 
[_]
     
 
6,242,200
 

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
 
 
6,242,200
 

12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
 
 
 

13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
5.10%
 

14.
TYPE OF REPORTING PERSON
 
     
 
IN
 
 
 

 

CUSIP No.
55269P302
   

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Obrem Capital Offshore Master, L.P.
 

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
(a)
[_]
   
(b)
[_]

3.
SEC USE ONLY
 
     
     

4.
SOURCE OF FUNDS
 
     
 
WC
 

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
[_]
     
     

6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Cayman Islands
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     

7.
SOLE VOTING POWER
 
     
 
0
 

8.
SHARED VOTING POWER
 
     
 
3,564,470
 

9.
SOLE DISPOSITIVE POWER
     
 
0
 

10.
SHARED DISPOSITIVE POWER
 
[_]
     
 
3,564,470
 

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
 
 
3,564,470
 

12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
     

13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
2.91%
 

14.
TYPE OF REPORTING PERSON
 
     
 
PN
 
 
 

 

CUSIP No.
55269P302
   

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Obrem Capital (QP), L.P.
 

2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   
(a)
[_]
   
(b)
[_]

3.
SEC USE ONLY
 
     
     

4.
SOURCE OF FUNDS
 
     
 
WC
 

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
[_]
     
     

6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Delaware
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     

7.
SOLE VOTING POWER
 
     
 
0
 

8.
SHARED VOTING POWER
 
     
 
2,677,730
 

9.
SOLE DISPOSITIVE POWER
     
 
0
 

10.
SHARED DISPOSITIVE POWER
 
[_]
     
 
2,677,730
 

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
 
 
2,677,730
 

12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
     

13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
2.19%
 

14.
TYPE OF REPORTING PERSON
 
     
 
PN
 

 

 

CUSIP No.
55269P302
   
     

Item 1.
Security and Issuer.
 

 
The name of the issuer is MDS Inc. (the "Issuer").  The address of the Issuer's principal office is Suite 300, West Tower, 2700 Matheson Blvd., East Mississauga, Ontario, Canada L4W 4V9.  This Schedule 13D relates to the Issuer's Common Shares, no par value (the "Shares").
 
     
     
 
 
Item 2.
Identity and Background.
 
 
   
(a) This Schedule 13D is being filed jointly by Obrem Capital Management, LLC, Obrem Capital (GP), LLC, Andrew Rechtschaffen, Obrem Capital Offshore Master, L.P. and Obrem Capital (QP), L.P. (collectively, the “Reporting Persons”).
 
(b) The principal business address of the Reporting Persons is 733 3rd Avenue, 11th Floor, New York, New York 10017.
 
(c) Andrew Rechtschaffen is the managing member of Obrem Capital Management, LLC and Obrem Capital (GP), LLC, investment management firms that serve as the investment manager and general partner, respectively, to Obrem Capital Offshore Master, L.P. and Obrem Capital (QP), L.P.
 
(d) None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
(e) None of the Reporting Persons has, during the last five years, been a 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) Andrew Rechtschaffen is a citizen of the United States.  Obrem Capital Management, LLC and Obrem Capital (GP), LLC are Delaware limited liability companies.  Obrem Capital Offshore Master, L.P. is a Cayman Islands exempted limited partnership.  Obrem Capital (QP), L.P. is a Delaware limited partnership.
 
     
   

Item 3.
Source and Amount of Funds or Other Consideration.
 
 
 
The funds for the purchase of the Shares beneficially owned by the Reporting Persons came from the working capital of the private investment vehicles managed by the Reporting Persons.
 
The total cost for the Shares that Obrem Capital Offshore Master, L.P. may be deemed to beneficially own is $66,102,528 (CAD).  The total cost for the Shares that Obrem Capital (QP), L.P. may be deemed to beneficially own is $49,638,848 (CAD).
 
No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes (including certain leverage arrangements) in the ordinary course of business.
 
     
   
 

 
Item 4.
Purpose of Transaction.
 
 
 
The Reporting Persons purchased the Shares based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.  Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase of additional Shares desirable, the Reporting Persons may endeavor to increase their position in the Issuer through, among other things, the purchase of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.
 
The Reporting Persons intend to communicate with the management and board of directors of the Issuer regarding the Issuer’s business and other strategic and financial considerations, whereby the Reporting Persons intend to recommend certain actions to the Issuer in order to increase shareholder value.  Specifically, the Reporting Persons believe that significant shareholder value could be created through the spin-off or sale of one or several of the Issuer’s business units and they intend to recommend that the Issuer formally hire financial advisors to explore such strategic alternatives.  Additionally, the Reporting Persons intend to recommend that the Issuer review its capital structure and pursue a significant share repurchase program.
 
In addition to the actions set forth above, in connection with their investment in the Shares of the Issuer, the Reporting Persons may engage in communications with members of management and the board of directors of the Issuer, other current or prospective shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors with respect to the types of corporate action that may be covered in paragraphs (a) through (j) of Item 4 of Schedule 13D.  The Reporting Persons intend to review their investment in the Issuer on a continuing basis.  Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, seeking board representation, making proposals to the Issuer concerning changes to the capitalization, ownership structure or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of, or any hedging or similar transaction with respect to, the Shares or changing their intention with respect to any and all matters referred to in this Item 4.
 
     
   
 
Item 5.
Interest in Securities of the Issuer.
 
 
(a)-(e)
As of the date hereof, Obrem Capital Management, LLC, Obrem Capital (GP), LLC and Andrew Rechtschaffen may be deemed to be the beneficial owner of 6,242,200 Shares or 5.10% of the Shares of the Issuer, based upon the 122,359,211 Shares outstanding as of January 31, 2008, according to the Issuer's most recent Interim Report.  As of the date hereof, Obrem Capital Offshore Master, L.P. may be deemed to be the beneficial owner of 3,564,470 Shares or 2.91% of the Shares of the Issuer. As of the date hereof, Obrem Capital (QP), L.P. may be deemed to be the beneficial owner of 2,677,730 Shares or 2.19% of the Shares of the Issuer.
 
Each of Obrem Capital Management, LLC, Obrem Capital (GP), LLC and Andrew Rechtschaffen has the sole power to vote or direct the vote of 0 Shares and the shared power to vote or direct the vote of 6,242,200 Shares.  Obrem Capital Offshore Master, L.P. has the sole power to vote or direct the vote of 0 Shares and the shared power to vote or direct the vote of 3,564,470 Shares.  Obrem Capital (QP), L.P. has the sole power to vote or direct the vote of 0 Shares and the shared power to vote or direct the vote of 2,677,730 Shares.
 
Each of Obrem Capital Management, LLC, Obrem Capital (GP), LLC and Andrew Rechtschaffen has the sole power to dispose or direct the disposition of 0 Shares and the shared power to dispose or direct the disposition of 6,242,200 Shares.  Obrem Capital Offshore Master, L.P. has the sole power to dispose or direct the disposition of 0 Shares and the shared power to dispose or direct the disposition of 3,564,470 Shares. Obrem Capital (QP), L.P. has the sole power to dispose or direct the disposition of 0 Shares and the shared power to dispose or direct the disposition of 2,677,730 Shares.
 
 

 
 
The trading date, number of Shares purchased and the price per share for all transactions in the Shares during the past 60 days by the Reporting Persons are set forth in Exhibit B and were effected in open market transactions.
 
The Shares were acquired for investment purposes.  Obrem Capital Management, LLC, Obrem Capital (GP), LLC, Andrew Rechtschaffen, Obrem Capital Offshore Master, L.P. and Obrem Capital (QP), L.P. may acquire additional Shares, dispose of all or some of these Shares from time to time, in each case in open market or private transactions, block sales or purchases or otherwise, or may continue to hold the Shares.
 
The Reporting Persons specifically disclaim beneficial ownership in the Shares reported herein except to the extent of their pecuniary interest therein.
 
     
   
 
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect
 
 
to Securities of the Issuer.
 
 
 
The Reporting Persons do not have any contract, arrangement, understanding or relationship with any person with respect to the Shares.
 
     
   
 
Item 7.
Material to be Filed as Exhibits.
 
 
 
A.  An agreement relating to the filing of a joint statement as required by Rule 13d-1(f) under the Securities Exchange Act of 1934 is filed herewith as Exhibit A.
 
B.  A description of the transactions in the Shares that were effected by the Reporting Persons during the past 60 days is filed herewith as Exhibit B.
 
     
   
 
 
 

 


SIGNATURE
 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 

 
April 9, 2008
 
(Date)

Obrem Capital Management, LLC

By:  /s/ Andrew Rechtschaffen
     Andrew Rechtschaffen, Managing Member

Obrem Capital (GP), LLC

By:  /s/ Andrew Rechtschaffen
     Andrew Rechtschaffen, Managing Member

Andrew Rechtschaffen

/s/ Andrew Rechtschaffen

Obrem Capital Offshore Master, L.P.
By:  Obrem Capital (GP), LLC, its general partner

By:  /s/ Andrew Rechtschaffen
     Andrew Rechtschaffen, Managing Member

Obrem Capital (QP), L.P.
By:  Obrem Capital (GP), LLC, its general partner

By:  /s/ Andrew Rechtschaffen
     Andrew Rechtschaffen, Managing Member


Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).


 
 

 
 

 
                                                        & #160;   Exhibit A

AGREEMENT
 
 

The undersigned agree that this Schedule 13D dated April 9, 2008, relating to the Common Shares, no par value, of MDS Inc. shall be filed on behalf of the undersigned.
 


April 9, 2008
--------------------------------------------------------------
(Date)


Obrem Capital Management, LLC

By:  /s/ Andrew Rechtschaffen
     Andrew Rechtschaffen, Managing Member

Obrem Capital (GP), LLC

By:  /s/ Andrew Rechtschaffen
     Andrew Rechtschaffen, Managing Member

Andrew Rechtschaffen

/s/ Andrew Rechtschaffen

Obrem Capital Offshore Master, L.P.
By:  Obrem Capital (GP), LLC, its general partner

By:  /s/ Andrew Rechtschaffen
     Andrew Rechtschaffen, Managing Member

Obrem Capital (QP), L.P.
By:  Obrem Capital (GP), LLC, its general partner

By:  /s/ Andrew Rechtschaffen
     Andrew Rechtschaffen, Managing Member
 
 
 

 
 

 
Exhibit B
 


Transactions – Obrem Capital Management, LLC, Obrem Capital (GP), LLC and Andrew Rechtschaffen

 
Date of Transaction
 
Title of Class
 
Number of Shares Purchased
 
Price Per Share in CAD
 

2/22/2008
Common Shares, no par value
42,430
$16.39
2/22/2008
Common Shares, no par value
32,570
$16.39
2/25/2008
Common Shares, no par value
28,290
$16.28
2/25/2008
Common Shares, no par value
21,710
$16.28
2/25/2008
Common Shares, no par value
14,140
$16.25
2/25/2008
Common Shares, no par value
10,860
$16.25
2/25/2008
Common Shares, no par value
11,320
$16.25
2/25/2008
Common Shares, no par value
8,680
$16.25
2/25/2008
Common Shares, no par value
39,600
$16.25
2/25/2008
Common Shares, no par value
30,400
$16.25
2/26/2008
Common Shares, no par value
28,290
$16.47
2/26/2008
Common Shares, no par value
21,710
$16.47
2/26/2008
Common Shares, no par value
2,830
$16.25
2/26/2008
Common Shares, no par value
2,170
$16.25
2/26/2008
Common Shares, no par value
5,660
$16.69
2/26/2008
Common Shares, no par value
4,340
$16.69
2/26/2008
Common Shares, no par value
5,660
$16.68
2/26/2008
Common Shares, no par value
4,340
$16.68
2/26/2008
Common Shares, no par value
5,660
$16.73
2/26/2008
Common Shares, no par value
4,340
$16.73
2/26/2008
Common Shares, no par value
5,660
$16.65
2/26/2008
Common Shares, no par value
4,340
$16.65
2/26/2008
Common Shares, no par value
5,660
$16.60
2/26/2008
Common Shares, no par value
4,340
$16.60
2/26/2008
Common Shares, no par value
5,660
$16.54
2/26/2008
Common Shares, no par value
4,340
$16.54
2/26/2008
Common Shares, no par value
5,660
$16.44
2/26/2008
Common Shares, no par value
4,340
$16.44
2/26/2008
Common Shares, no par value
5,660
$16.44
2/26/2008
Common Shares, no par value
4,340
$16.44
2/26/2008
Common Shares, no par value
5,660
$16.40
2/26/2008
Common Shares, no par value
4,340
$16.40
2/26/2008
Common Shares, no par value
5,660
$16.40
2/26/2008
Common Shares, no par value
4,340
$16.40
2/26/2008
Common Shares, no par value
5,660
$16.33
2/26/2008
Common Shares, no par value
4,340
$16.33
2/26/2008
Common Shares, no par value
5,660
$16.26
2/26/2008
Common Shares, no par value
4,340
$16.26
2/26/2008
Common Shares, no par value
5,660
$16.26
2/26/2008
Common Shares, no par value
4,340
$16.26
2/26/2008
Common Shares, no par value
5,660
$16.20
2/26/2008
Common Shares, no par value
4,340
$16.20
2/27/2008
Common Shares, no par value
90,520
$16.29
2/27/2008
Common Shares, no par value
69,480
$16.29
2/28/2008
Common Shares, no par value
97,080
$16.45
2/28/2008
Common Shares, no par value
74,520
$16.45
2/29/2008
Common Shares, no par value
110,660
$16.48
2/29/2008
Common Shares, no par value
84,940
$16.48
3/3/2008
Common Shares, no par value
46,370
$16.49
3/3/2008
Common Shares, no par value
34,630
$16.49
3/3/2008
Common Shares, no par value
28,630
$16.19
3/3/2008
Common Shares, no par value
21,370
$16.19
3/4/2008
Common Shares, no par value
69,910
$16.41
3/4/2008
Common Shares, no par value
52,190
$16.41
3/4/2008
Common Shares, no par value
22,900
$16.53
3/4/2008
Common Shares, no par value
17,100
$16.53
3/5/2008
Common Shares, no par value
99,340
$16.43
3/5/2008
Common Shares, no par value
74,160
$16.43
3/6/2008
Common Shares, no par value
70,250
$16.32
3/6/2008
Common Shares, no par value
52,450
$16.32
3/7/2008
Common Shares, no par value
77,290
$16.84
3/7/2008
Common Shares, no par value
57,710
$16.84
3/10/2008
Common Shares, no par value
66,990
$16.78
3/10/2008
Common Shares, no par value
50,010
$16.78
3/11/2008
Common Shares, no par value
66,990
$16.97
3/11/2008
Common Shares, no par value
50,010
$16.97
3/12/2008
Common Shares, no par value
51,530
$16.91
3/12/2008
Common Shares, no par value
38,470
$16.91
3/13/2008
Common Shares, no par value
46,200
$16.79
3/13/2008
Common Shares, no par value
34,500
$16.79
3/14/2008
Common Shares, no par value
68,020
$17.11
3/14/2008
Common Shares, no par value
50,780
$17.11
3/17/2008
Common Shares, no par value
57,250
$17.46
3/17/2008
Common Shares, no par value
42,750
$17.46
3/18/2008
Common Shares, no par value
63,840
$17.63
3/18/2008
Common Shares, no par value
47,860
$17.63
3/18/2008
Common Shares, no par value
27,150
$17.40
3/18/2008
Common Shares, no par value
36,250
$17.40
3/19/2008
Common Shares, no par value
72,420
$18.11
3/19/2008
Common Shares, no par value
54,280
$18.11
3/19/2008
Common Shares, no par value
5,720
$18.32
3/19/2008
Common Shares, no par value
4,280
$18.32
3/19/2008
Common Shares, no par value
14,290
$18.25
3/19/2008
Common Shares, no par value
10,710
$18.25
3/19/2008
Common Shares, no par value
11,430
$18.20
3/19/2008
Common Shares, no par value
8,570
$18.20
3/19/2008
Common Shares, no par value
5,720
$18.15
3/19/2008
Common Shares, no par value
4,280
$18.15
3/20/2008
Common Shares, no par value
56,760
$18.49
3/20/2008
Common Shares, no par value
42,540
$18.49
3/20/2008
Common Shares, no par value
5,720
$18.76
3/20/2008
Common Shares, no par value
4,280
$18.76
3/24/2008
Common Shares, no par value
62,300
$19.14
3/24/2008
Common Shares, no par value
46,700
$19.14
3/25/2008
Common Shares, no par value
161,410
$19.32
3/25/2008
Common Shares, no par value
120,990
$19.32
3/25/2008
Common Shares, no par value
8,570
$19.15
3/25/2008
Common Shares, no par value
6,430
$19.15
3/25/2008
Common Shares, no par value
1,890
$19.15
3/25/2008
Common Shares, no par value
1,410
$19.15
3/25/2008
Common Shares, no par value
5,720
$19.18
3/25/2008
Common Shares, no par value
4,280
$19.18
3/25/2008
Common Shares, no par value
5,720
$19.20
3/25/2008
Common Shares, no par value
4,280
$19.20
3/25/2008
Common Shares, no par value
11,200
$19.21
3/25/2008
Common Shares, no par value
8,400
$19.21
3/26/2008
Common Shares, no par value
139,010
$19.36
3/26/2008
Common Shares, no par value
104,190
$19.36
3/26/2008
Common Shares, no par value
8,570
$19.25
3/26/2008
Common Shares, no par value
6,430
$19.25
3/26/2008
Common Shares, no par value
14,290
$19.25
3/26/2008
Common Shares, no par value
10,710
$19.25
3/27/2008
Common Shares, no par value
82,880
$19.57
3/27/2008
Common Shares, no par value
62,120
$19.57
3/28/2008
Common Shares, no par value
96,310
$19.58
3/28/2008
Common Shares, no par value
72,190
$19.58
3/31/2008
Common Shares, no par value
57,160
$19.71
3/31/2008
Common Shares, no par value
42,840
$19.71
3/31/2008
Common Shares, no par value
157,410
$19.73
3/31/2008
Common Shares, no par value
117,990
$19.73
4/1/2008
Common Shares, no par value
14,300
$20.25
4/1/2008
Common Shares, no par value
10,700
$20.25
4/1/2008
Common Shares, no par value
112,570
$20.32
4/1/2008
Common Shares, no par value
84,230
$20.32
4/2/2008
Common Shares, no par value
100,840
$20.17
4/2/2008
Common Shares, no par value
75,460
$20.17
4/2/2008
Common Shares, no par value
290
$19.85
4/2/2008
Common Shares, no par value
210
$19.85
4/2/2008
Common Shares, no par value
12,640
$20.11
4/2/2008
Common Shares, no par value
9,460
$20.11
4/3/2008
Common Shares, no par value
106,500
$20.26
4/3/2008
Common Shares, no par value
79,700
$20.26
4/3/2008
Common Shares, no par value
14,300
$20.15
4/3/2008
Common Shares, no par value
10,700
$20.15
4/3/2008
Common Shares, no par value
9,720
$20.10
4/3/2008
Common Shares, no par value
7,280
$20.10
4/3/2008
Common Shares, no par value
14,300
$20.20
4/3/2008
Common Shares, no par value
10,700
$20.20
4/4/2008
Common Shares, no par value
102,610
$19.99
4/4/2008
Common Shares, no par value
76,790
$19.99
4/4/2008
Common Shares, no par value
57,200
$20.00
4/4/2008
Common Shares, no par value
42,800
$20.00
4/4/2008
Common Shares, no par value
17,160
$20.01
4/4/2008
Common Shares, no par value
12,840
$20.01
4/4/2008
Common Shares, no par value
28,600
$20.00
4/4/2008
Common Shares, no par value
21,400
$20.00
4/4/2008
Common Shares, no par value
191,610
$19.99
4/4/2008
Common Shares, no par value
143,390
$19.99
4/7/2008
Common Shares, no par value
70,350
$20.38
4/7/2008
Common Shares, no par value
52,650
$20.38
4/7/2008
Common Shares, no par value
14,300
$20.32
4/7/2008
Common Shares, no par value
10,700
$20.32
4/7/2008
Common Shares, no par value
57,200
$20.41
4/7/2008
Common Shares, no par value
42,800
$20.41
4/8/2008
Common Shares, no par value
135,560
$20.56
4/8/2008
Common Shares, no par value
101,440
$20.56
4/8/2008
Common Shares, no par value
14,300
$20.45
4/8/2008
Common Shares, no par value
10,700
$20.45
4/8/2008
Common Shares, no par value
14,300
$20.43
4/8/2008
Common Shares, no par value
10,700
$20.43
4/8/2008
Common Shares, no par value
4,520
$20.24
4/8/2008
Common Shares, no par value
3,380
$20.24
4/8/2008
Common Shares, no par value
14,300
$20.58
4/8/2008
Common Shares, no par value
10,700
$20.58
4/8/2008
Common Shares, no par value
14,300
$20.60
4/8/2008
Common Shares, no par value
10,700
$20.60
4/8/2008
Common Shares, no par value
14,300
$20.60
4/8/2008
Common Shares, no par value
10,700
$20.60
4/8/2008
Common Shares, no par value
27,740
$20.60
4/8/2008
Common Shares, no par value
20,760
$20.60


Transactions – Obrem Capital Offshore Master, L.P.

 
Date of Transaction
 
Title of Class
 
Number of Shares Purchased
 
Price Per Share in CAD
 

2/22/2008
Common Shares, no par value
42,430
$16.39
2/25/2008
Common Shares, no par value
28,290
$16.28
2/25/2008
Common Shares, no par value
14,140
$16.25
2/25/2008
Common Shares, no par value
11,320
$16.25
2/25/2008
Common Shares, no par value
39,600
$16.25
2/26/2008
Common Shares, no par value
28,290
$16.47
2/26/2008
Common Shares, no par value
2,830
$16.25
2/26/2008
Common Shares, no par value
5,660
$16.69
2/26/2008
Common Shares, no par value
5,660
$16.68
2/26/2008
Common Shares, no par value
5,660
$16.73
2/26/2008
Common Shares, no par value
5,660
$16.65
2/26/2008
Common Shares, no par value
5,660
$16.60
2/26/2008
Common Shares, no par value
5,660
$16.54
2/26/2008
Common Shares, no par value
5,660
$16.44
2/26/2008
Common Shares, no par value
5,660
$16.44
2/26/2008
Common Shares, no par value
5,660
$16.40
2/26/2008
Common Shares, no par value
5,660
$16.40
2/26/2008
Common Shares, no par value
5,660
$16.33
2/26/2008
Common Shares, no par value
5,660
$16.26
2/26/2008
Common Shares, no par value
5,660
$16.26
2/26/2008
Common Shares, no par value
5,660
$16.20
2/27/2008
Common Shares, no par value
90,520
$16.29
2/28/2008
Common Shares, no par value
97,080
$16.45
2/29/2008
Common Shares, no par value
110,660
$16.48
3/3/2008
Common Shares, no par value
46,370
$16.49
3/3/2008
Common Shares, no par value
28,630
$16.19
3/4/2008
Common Shares, no par value
69,910
$16.41
3/4/2008
Common Shares, no par value
22,900
$16.53
3/5/2008
Common Shares, no par value
99,340
$16.43
3/6/2008
Common Shares, no par value
70,250
$16.32
3/7/2008
Common Shares, no par value
77,290
$16.84
3/10/2008
Common Shares, no par value
66,990
$16.78
3/11/2008
Common Shares, no par value
66,990
$16.97
3/12/2008
Common Shares, no par value
51,530
$16.91
3/13/2008
Common Shares, no par value
46,200
$16.79
3/14/2008
Common Shares, no par value
68,020
$17.11
3/17/2008
Common Shares, no par value
57,250
$17.46
3/18/2008
Common Shares, no par value
63,840
$17.63
3/18/2008
Common Shares, no par value
36,250
$17.40
3/19/2008
Common Shares, no par value
72,420
$18.11
3/19/2008
Common Shares, no par value
5,720
$18.32
3/19/2008
Common Shares, no par value
14,290
$18.25
3/19/2008
Common Shares, no par value
11,430
$18.20
3/19/2008
Common Shares, no par value
5,720
$18.15
3/20/2008
Common Shares, no par value
56,760
$18.49
3/20/2008
Common Shares, no par value
5,720
$18.76
3/24/2008
Common Shares, no par value
62,300
$19.14
3/25/2008
Common Shares, no par value
161,410
$19.32
3/25/2008
Common Shares, no par value
8,570
$19.15
3/25/2008
Common Shares, no par value
1,890
$19.15
3/25/2008
Common Shares, no par value
5,720
$19.18
3/25/2008
Common Shares, no par value
5,720
$19.20
3/25/2008
Common Shares, no par value
11,200
$19.21
3/26/2008
Common Shares, no par value
139,010
$19.36
3/26/2008
Common Shares, no par value
8,570
$19.25
3/26/2008
Common Shares, no par value
14,290
$19.25
3/27/2008
Common Shares, no par value
82,880
$19.57
3/28/2008
Common Shares, no par value
96,310
$19.58
3/31/2008
Common Shares, no par value
57,160
$19.71
3/31/2008
Common Shares, no par value
157,410
$19.73
4/1/2008
Common Shares, no par value
14,300
$20.25
4/1/2008
Common Shares, no par value
112,570
$20.32
4/2/2008
Common Shares, no par value
100,840
$20.17
4/2/2008
Common Shares, no par value
290
$19.85
4/2/2008
Common Shares, no par value
12,640
$20.11
4/3/2008
Common Shares, no par value
106,500
$20.26
4/3/2008
Common Shares, no par value
14,300
$20.15
4/3/2008
Common Shares, no par value
9,720
$20.10
4/3/2008
Common Shares, no par value
14,300
$20.20
4/4/2008
Common Shares, no par value
102,610
$19.99
4/4/2008
Common Shares, no par value
57,200
$20.00
4/4/2008
Common Shares, no par value
17,160
$20.01
4/4/2008
Common Shares, no par value
28,600
$20.00
4/4/2008
Common Shares, no par value
191,610
$19.99
4/7/2008
Common Shares, no par value
70,350
$20.38
4/7/2008
Common Shares, no par value
14,300
$20.32
4/7/2008
Common Shares, no par value
57,200
$20.41
4/8/2008
Common Shares, no par value
135,560
$20.56
4/8/2008
Common Shares, no par value
14,300
$20.45
4/8/2008
Common Shares, no par value
14,300
$20.43
4/8/2008
Common Shares, no par value
4,520
$20.24
4/8/2008
Common Shares, no par value
14,300
$20.58
4/8/2008
Common Shares, no par value
14,300
$20.60
4/8/2008
Common Shares, no par value
14,300
$20.60
4/8/2008
Common Shares, no par value
27,740
$20.60

Transactions – Obrem Capital (QP), L.P.

 
Date of Transaction
 
Title of Class
 
Number of Shares Purchased
 
Price Per Share in CAD
 

2/22/2008
Common Shares, no par value
32,570
$16.39
2/25/2008
Common Shares, no par value
21,710
$16.28
2/25/2008
Common Shares, no par value
10,860
$16.25
2/25/2008
Common Shares, no par value
8,680
$16.25
2/25/2008
Common Shares, no par value
30,400
$16.25
2/26/2008
Common Shares, no par value
21,710
$16.47
2/26/2008
Common Shares, no par value
2,170
$16.25
2/26/2008
Common Shares, no par value
4,340
$16.69
2/26/2008
Common Shares, no par value
4,340
$16.68
2/26/2008
Common Shares, no par value
4,340
$16.73
2/26/2008
Common Shares, no par value
4,340
$16.65
2/26/2008
Common Shares, no par value
4,340
$16.60
2/26/2008
Common Shares, no par value
4,340
$16.54
2/26/2008
Common Shares, no par value
4,340
$16.44
2/26/2008
Common Shares, no par value
4,340
$16.44
2/26/2008
Common Shares, no par value
4,340
$16.40
2/26/2008
Common Shares, no par value
4,340
$16.40
2/26/2008
Common Shares, no par value
4,340
$16.33
2/26/2008
Common Shares, no par value
4,340
$16.26
2/26/2008
Common Shares, no par value
4,340
$16.26
2/26/2008
Common Shares, no par value
4,340
$16.20
2/27/2008
Common Shares, no par value
69,480
$16.29
2/28/2008
Common Shares, no par value
74,520
$16.45
2/29/2008
Common Shares, no par value
84,940
$16.48
3/3/2008
Common Shares, no par value
34,630
$16.49
3/3/2008
Common Shares, no par value
21,370
$16.19
3/4/2008
Common Shares, no par value
52,190
$16.41
3/4/2008
Common Shares, no par value
17,100
$16.53
3/5/2008
Common Shares, no par value
74,160
$16.43
3/6/2008
Common Shares, no par value
52,450
$16.32
3/7/2008
Common Shares, no par value
57,710
$16.84
3/10/2008
Common Shares, no par value
50,010
$16.78
3/11/2008
Common Shares, no par value
50,010
$16.97
3/12/2008
Common Shares, no par value
38,470
$16.91
3/13/2008
Common Shares, no par value
34,500
$16.79
3/14/2008
Common Shares, no par value
50,780
$17.11
3/17/2008
Common Shares, no par value
42,750
$17.46
3/18/2008
Common Shares, no par value
47,860
$17.63
3/18/2008
Common Shares, no par value
27,150
$17.40
3/19/2008
Common Shares, no par value
54,280
$18.11
3/19/2008
Common Shares, no par value
4,280
$18.32
3/19/2008
Common Shares, no par value
10,710
$18.25
3/19/2008
Common Shares, no par value
8,570
$18.20
3/19/2008
Common Shares, no par value
4,280
$18.15
3/20/2008
Common Shares, no par value
42,540
$18.49
3/20/2008
Common Shares, no par value
4,280
$18.76
3/24/2008
Common Shares, no par value
46,700
$19.14
3/25/2008
Common Shares, no par value
120,990
$19.32
3/25/2008
Common Shares, no par value
6,430
$19.15
3/25/2008
Common Shares, no par value
1,410
$19.15
3/25/2008
Common Shares, no par value
4,280
$19.18
3/25/2008
Common Shares, no par value
4,280
$19.20
3/25/2008
Common Shares, no par value
8,400
$19.21
3/26/2008
Common Shares, no par value
104,190
$19.36
3/26/2008
Common Shares, no par value
6,430
$19.25
3/26/2008
Common Shares, no par value
10,710
$19.25
3/27/2008
Common Shares, no par value
62,120
$19.57
3/28/2008
Common Shares, no par value
72,190
$19.58
3/31/2008
Common Shares, no par value
42,840
$19.71
3/31/2008
Common Shares, no par value
117,990
$19.73
4/1/2008
Common Shares, no par value
10,700
$20.25
4/1/2008
Common Shares, no par value
84,230
$20.32
4/2/2008
Common Shares, no par value
75,460
$20.17
4/2/2008
Common Shares, no par value
210
$19.85
4/2/2008
Common Shares, no par value
9,460
$20.11
4/3/2008
Common Shares, no par value
79,700
$20.26
4/3/2008
Common Shares, no par value
10,700
$20.15
4/3/2008
Common Shares, no par value
7,280
$20.10
4/3/2008
Common Shares, no par value
10,700
$20.20
4/4/2008
Common Shares, no par value
76,790
$19.99
4/4/2008
Common Shares, no par value
42,800
$20.00
4/4/2008
Common Shares, no par value
12,840
$20.01
4/4/2008
Common Shares, no par value
21,400
$20.00
4/4/2008
Common Shares, no par value
143,390
$19.99
4/7/2008
Common Shares, no par value
52,650
$20.38
4/7/2008
Common Shares, no par value
10,700
$20.32
4/7/2008
Common Shares, no par value
42,800
$20.41
4/8/2008
Common Shares, no par value
101,440
$20.56
4/8/2008
Common Shares, no par value
10,700
$20.45
4/8/2008
Common Shares, no par value
10,700
$20.43
4/8/2008
Common Shares, no par value
3,380
$20.24
4/8/2008
Common Shares, no par value
10,700
$20.58
4/8/2008
Common Shares, no par value
10,700
$20.60
4/8/2008
Common Shares, no par value
10,700
$20.60
4/8/2008
Common Shares, no par value
20,760
$20.60
 




SK 25940 0001 872368
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