Unassociated Document

0001033427-10-000026.txt : 20100128 0001033427-10-000026.hdr.sgml : 20100128 20100128131807 ACCESSION NUMBER: 0001033427-10-000026 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20100128 DATE AS OF CHANGE: 20100128 GROUP MEMBERS: DAVID L. COHEN GROUP MEMBERS: HAROLD J. LEVY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MDS INC. CENTRAL INDEX KEY: 0001057698 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60353 FILM NUMBER: 10553057 BUSINESS ADDRESS: STREET 1: 2810 MATHESON BLVD. E. STREET 2: SUITE 500 CITY: MISSISSAUGA STATE: A6 ZIP: L4W 4X7 BUSINESS PHONE: 905-267-4222 MAIL ADDRESS: STREET 1: 2810 MATHESON BLVD. E. STREET 2: SUITE 500 CITY: MISSISSAUGA STATE: A6 ZIP: L4W 4X7 FORMER COMPANY: FORMER CONFORMED NAME: MDS INC DATE OF NAME CHANGE: 19980312 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: IRIDIAN ASSET MANAGEMENT LLC/CT CENTRAL INDEX KEY: 0001033427 IRS NUMBER: 061439577 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 276 POST RD WEST CITY: WESTPORT STATE: CT ZIP: 06880-4704 BUSINESS PHONE: 2033417800 MAIL ADDRESS: STREET 1: 276 POST ROAD WEST CITY: WESTPORT STATE: CT ZIP: 06880-4704 SC 13G/A 1 mds13ga1123109.htm MDS 13G/A 12-31-09 Unassociated Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

MDS Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

55269P302

(CUSIP Number)

December 31, 2009

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[	X	] Rule 13d-1(b)
[		] Rule 13d-1(c)
[		] Rule 13d-1(d)

* 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 the 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).

SCHEDULE 13G
CUSIP No. 55269P302

	1.	Names of Reporting Persons. Iridian Asset Management LLC I.R.S. Identification Nos. of above persons (entities only).

	2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X ] (b) [ ]

	3.	SEC USE ONLY

	4.	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With:		5.	Sole Voting Power 0

		6.	Shared Voting Power 8,604,416

		7.	Sole Dispositive Power 0

		8.	Shared Dispositive Power 8,604,416

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 8,604,416

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]

	11.	Percent of Class Represented by Amount in Row (9) 7.2%

	12.	Type of Reporting Person IA

2

SCHEDULE 13G
CUSIP No. 55269P302

	1.	Names of Reporting Persons. David L. Cohen I.R.S. Identification Nos. of above persons (entities only).

	2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ X ] (b) [ ]

	3.	SEC USE ONLY

	4.	Citizenship or Place of Organization United States

Number of Shares Beneficially Owned by Each Reporting Person With:		5.	Sole Voting Power 0

		6.	Shared Voting Power 8,604,416

		7.	Sole Dispositive Power 0

		8.	Shared Dispositive Power 8,604,416

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 8,604,416

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]

	11.	Percent of Class Represented by Amount in Row (9) 7.2%

	12.	Type of Reporting Person IN

3

SCHEDULE 13G
CUSIP No. 55269P302

	1.	Names of Reporting Persons. Harold J. Levy I.R.S. Identification Nos. of above persons (entities only).

	2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ]

	3.	SEC USE ONLY

	4.	Citizenship or Place of Organization United States

Number of Shares Beneficially Owned by Each Reporting Person With:		5.	Sole Voting Power 0

		6.	Shared Voting Power 8,604,416

		7.	Sole Dispositive Power 0

		8.	Shared Dispositive Power 8,604,416

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 8,604,416

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]

	11.	Percent of Class Represented by Amount in Row (9) 7.2%

	12.	Type of Reporting Person IN

4

This Amendment amends in its entirety the Schedule 13G previously filed for the month ended December 31, 2008. Item 1.
	(a)	Name of Issuer MDS Inc.
	(b)	Address of Issuer's Principal Executive Offices 2810 Matheson Blvd. East, Suite 500, Mississauga, Ontario, Canada L4W 4X7

Item 2.
	(a)	Name of Person Filing This Statement is being filed by and on behalf of Iridian Asset Management LLC ("Iridian"), David L. Cohen ("Cohen") and Harold J. Levy ("Levy") (collectively, the "Reporting Persons"). Effective June 30, 2009, Cohen and Levy indirectly acquired ownership and control of 100% of the equity interest of Iridian from BIAM (US) Inc., an indirect wholly owned subsidiary of The Governor and Company of the Bank of Ireland. Thus, on that date, Cohen and Levy may be deemed to have acquired beneficially ownership of all shares of Common Stock beneficially owned by Iridian. Iridian is majority owned by Arovid Associates LLC, a Delaware limited liability company owned and controlled by the following: 12.5% by Cohen, 12.5% by Levy, 37.5% by LLMD LLC, a Delaware limited liability company, and 37.5% by ALHERO LLC, a Delaware limited liability company. LLMD LLC is owned 1% by Cohen, and 99% by a family trust controlled by Cohen. ALHERO LLC is owned 1% by Levy and 99% by a family trust controlled by Levy.
	(b)	Address of Principal Business Office or, if none, Residence The principal business address of the Reporting Persons is 276 Post Road West, Westport, CT 06880-4704.
	(c)	Citizenship or Place of Organization Iridian is a Delaware limited liability company. Cohen and Levy are US citizens.
	(d)	Title of Class of Securities Common Stock
	(e)	CUSIP Number 55269P302

Item 3.		If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
	(a)	[ ]	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
	(b)	[ ]	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	[ ]	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	[ ]	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
	(e)	[ ]	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
	(f)	[ ]	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)	[ ]	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
	(h)	[ ]	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)	[ ]	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)	[ x]	Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4.		Ownership.
	(a) and (b)	Amount beneficially owned and Percent of Class: As of the date of this Statement, the Reporting Persons beneficially owned in the aggregate 8,604,416 shares of Common Stock which equates to approximately 7.2% of the outstanding shares (the percentage of shares of Common Stock owned being based upon 120,137,229 shares of Common Stock outstanding at August 31, 2009 as set forth in the Issuer's Report on Form 6-K for the month of September 2009 [Notice of Special Meeting]). Iridian has direct beneficial ownership of the shares of Common Stock in the accounts for which it serves as the investment adviser under its investment management agreements. Messrs. Cohen and Levy may be deemed to possess beneficial ownership of the shares of Common Stock beneficially owned by Iridian by virtue of their indirect controlling ownership of Iridian, and having the power to vote and direct the disposition of shares of Common Stock as joint Chief Investment Officers of Iridian. Messrs. Cohen and Levy disclaim beneficial ownership of such shares. As used herein, "beneficial ownership" has the meaning set forth in Rule 13d-3 under the Securities Exchange Act of 1934, as amended.

	(c)	Power to vote or dispose. Iridian has the direct power to vote or direct the vote, and the direct power to dispose or direct the disposition, of 8,604,416 shares of Common Stock. Cohen and Levy may be deemed to share with Iridian the power to vote or direct the vote and to dispose or direct the disposition of such shares.

Item 5.		Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Not Applicable.

Item 6.		Ownership of More than Five Percent on Behalf of Another Person
Not Applicable

Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
Not Applicable.

Item 8.		Identification and Classification of Members of the Group
Iridian is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, and its principal business is managing a number of accounts containing securities over which Iridian has voting and dispositive power. Each of Messrs. Cohen and Levy has a controlling interest in Iridian, and serves as Co-Chief Executive Officer and Co-Chief Investment Officer of Iridian.

Item 9.		Notice of Dissolution of Group
Not Applicable

Item 10.		Certification
By signing below the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

SIGNATURE

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

Date: January 28, 2010
	IRIDIAN ASSET MANAGEMENT LLC
	By:	/s/ Jeffrey M. Elliott _________________________ Jeffrey M. Elliott
	Title:		Executive Vice President

	David L. Cohen
	By:	/s/ Jeffrey M. Elliott _________________________ Jeffrey M. Elliott
	Title:		Agent

	Harold J. Levy
	By:	/s/ Jeffrey M. Elliott __________________________ Jeffrey M. Elliott
	Title:		Agent

EX-99 2 mdsex99.htm JOINT FILING AGREEMENT Unassociated Document

JOINT FILING AGREEMENT This JOINT FILING AGREEMENT is made and entered into by and among Iridian Asset Management LLC, David L. Cohen and Harold J. Levy. The parties to this Agreement hereby agree to prepare jointly and file timely (or otherwise deliver as appropriate) all filings on Schedule 13D and Schedule 13G (the “Filings”) required to be filed by them pursuant to Section 13(d) or 13(g) under the Securities Exchange Act of 1934, as amended, with respect to their respective ownership of any securities of MDS Inc. that are required to be reported on any Filings. Each party to this Agreement further agrees and covenants to the other parties that it will fully cooperate with such other parties in the preparation and timely filing (and other delivery) of all such Filings.

Date: January 28, 2010
	IRIDIAN ASSET MANAGEMENT LLC
	By:	/s/ Jeffrey M. Elliott ___________________________ Jeffrey M. Elliott
	Title:		Executive Vice President

	David L. Cohen
	By:	/s/ Jeffrey M. Elliott ___________________________ Jeffrey M. Elliott
	Title:		Agent

	Harold J. Levy
	By:	/s/ Jeffrey M. Elliott ___________________________ Jeffrey M. Elliott
	Title:		Agent