-----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, Hkzqq0cxld5QW1a/3TBhaN+N2pnC53LnBf+ThVKxuiJT8IcY6hePQVboYmGmJ2iH uT4ug3tP/XY6tMvzcHO1zw== 0000909518-06-000719.txt : 20060725 0000909518-06-000719.hdr.sgml : 20060725 20060725160056 ACCESSION NUMBER: 0000909518-06-000719 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060725 DATE AS OF CHANGE: 20060725 GROUP MEMBERS: BLUE HARBOUR GP, LLC GROUP MEMBERS: BLUE HARBOUR HOLDINGS, LLC GROUP MEMBERS: BLUE HARBOUR STRATEGIC VALUE PARTNERS MASTER FUND, LP GROUP MEMBERS: CLIFTON S. ROBBINS GROUP MEMBERS: LEON G. COOPERMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AGERE SYSTEMS INC CENTRAL INDEX KEY: 0001129446 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 223746606 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-77953 FILM NUMBER: 06979130 BUSINESS ADDRESS: STREET 1: 555 UNION BLVD CITY: ALLENTOWN STATE: PA ZIP: 18109 BUSINESS PHONE: 6107124323 MAIL ADDRESS: STREET 1: 1110 AMERICAN PARKWAY NE STREET 2: ROOM 12K 301 CITY: ALLENTOWN STATE: PA ZIP: 18109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Blue Harbour Group, LP CENTRAL INDEX KEY: 0001325256 IRS NUMBER: 562457376 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 240 GREENWICH AVENUE STREET 2: 3RD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-422-6560 MAIL ADDRESS: STREET 1: 240 GREENWICH AVENUE STREET 2: 3RD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 mm7-2506_13da1.txt AMEND. NO.1 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1) Agere Systems Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 par value - -------------------------------------------------------------------------------- (Title of class of securities) 00845V308 - -------------------------------------------------------------------------------- (CUSIP number) CLIFTON S. ROBBINS BLUE HARBOUR GROUP, LP 240 GREENWICH AVENUE, 3RD FLOOR GREENWICH, CONNECTICUT 06830 (203) 422-6540 AND LEON G. COOPERMAN 88 PINE STREET WALL STREET PLAZA - 31ST FLOOR NEW YORK, NY 10005 (212) 495-5210 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) July 21, 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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [_]. - -------------------------------- ---------------------------------- CUSIP No. 755267101 13D Page 2 - -------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Blue Harbour Group, LP IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 56-2457376 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 6,632,547 OWNED BY EACH -------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER: 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 6,632,547 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 6,632,547 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.9%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------- * See Item 5. - -------------------------------- ---------------------------------- CUSIP No. 755267101 13D Page 3 - -------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Blue Harbour Strategic Value Partners Master Fund, LP IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 98-0450159 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands, British West Indies - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 5,403,185 OWNED BY EACH -------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER: 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 5,403,185 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 5,403,185* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.2%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------- * The aggregate amount in Row 11 excludes shares directly and beneficially owned by Blue Harbour Institutional Partners Master Fund, L.P. ** See Item 5. - -------------------------------- ---------------------------------- CUSIP No. 755267101 13D Page 4 - -------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Blue Harbour Institutional Partners Master Fund, L.P. IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 98-0495357 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands, British West Indies - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,229,362 OWNED BY EACH -------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER: 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 1,229,362 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,229,362* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.7%** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------- * The aggregate amount in Row 11 excludes shares directly and beneficially owned by Blue Harbour Strategic Value Partners Master Fund, LP. ** See Item 5. - -------------------------------- ---------------------------------- CUSIP No. 755267101 13D Page 5 - -------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Blue Harbour GP, LLC IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 20-1590782 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 6,632,547 OWNED BY EACH -------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER: 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 6,632,547 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 6,632,547 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.9%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - -------------------------------------------------------------------------------- * See Item 5. - -------------------------------- ---------------------------------- CUSIP No. 755267101 13D Page 6 - -------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Blue Harbour Holdings, LLC IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 20-1590711 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 6,632,547 OWNED BY EACH -------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER: 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 6,632,547 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 6,632,547 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.9%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - -------------------------------------------------------------------------------- * See Item 5. - -------------------------------- ---------------------------------- CUSIP No. 755267101 13D Page 7 - -------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Clifton S. Robbins IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 6,632,547 OWNED BY EACH -------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER: 0 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 6,632,547 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 6,632,547 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.9%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- * See Item 5. - -------------------------------- ---------------------------------- CUSIP No. 755267101 13D Page 8 - -------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Leon G. Cooperman IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 3,337,300 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 2,296,600 OWNED BY EACH -------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER: 3,337,300 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 2,296,600 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 5,633,900 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.3%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- * See Item 5. This Amendment No. 1 (this "Amendment") amends the Statement on Schedule 13D filed on May 1, 2006 (the "Statement") by the Original Reporting Persons (as defined in Item 2 below) and is filed by and on behalf of the Blue Harbour Reporting Persons and Mr. Cooperman (each as defined in Item 2 below and collectively, the "Reporting Persons") with respect to the common stock, par value $0.01 per share ("Common Stock"), of Agere Systems Inc., a Delaware corporation (the "Company"). Unless otherwise indicated, all capitalized terms used herein have the meaning ascribed to them in the previous filing of the Statement. ITEM 2. IDENTITY AND BACKGROUND. Item 2 of the Statement is hereby amended and restated in its entirety, with effect from the date of this Amendment, as follows: This Amendment is filed by the Blue Harbour Reporting Persons and Mr. Cooperman. The Statement was initially filed by the Fund, Fund GP, Manager, Manager GP, Mr. Robbins and Mr. Cooperman (each as defined below), who are herein referred to collectively as the "Original Reporting Persons." On May 1, 2006, certain of the Original Reporting Persons sent a joint letter to Richard L. Clemmer, the Company's Chief Executive Officer, regarding the Company's current and long-term prospects (the "May 1 Letter"). See Item 4 of the Statement. The Blue Harbour Reporting Persons and Mr. Cooperman do not have any agreements or understandings between them relating to the acquisition, disposition, holding or voting of Common Stock held by them and each expressly disclaims beneficial ownership for all purposes of Common Stock held by the others. The Blue Harbour Reporting Persons and Mr. Cooperman have, on occasion, coordinated their market purchases of Common Stock and call options to purchase Common Stock in the past, and may decide to coordinate purchases and sales in the future. The Reporting Persons have filed this statement solely because they may be deemed to be a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Act"), as a result of their agreement to submit the May 1 Letter to the Company's Chief Executive Officer. However, the Blue Harbour Reporting Persons and Mr. Cooperman each disclaim membership in a "group" with the other Reporting Person. (1) The Blue Harbour Reporting Persons. (a) - (c) and (f) The Blue Harbour Reporting Persons are Blue Harbour Group, LP, a Delaware limited partnership ("Manager"), Blue Harbour Strategic Value Partners Master Fund, LP, a Cayman Islands exempted limited partnership (the "Fund"), Blue Harbour Institutional Partners Master Fund, L.P., a Cayman Islands exempted limited partnership ("BHIP" and, together with the Fund, the "Funds"), Blue Harbour GP, LLC, a Delaware limited liability company ("Fund GP"), Blue Harbour Holdings, LLC, a Delaware limited liability company ("Manager GP"), and Clifton S. Robbins ("Mr. Robbins"), a citizen of the United States of America. The address of the principal office of each of Manager, the Fund, BHIP, Manager GP and Fund GP is 240 Greenwich Avenue, 3rd Floor, Greenwich, Connecticut 06830, and Mr. Robbins' business address is c/o Manager at the foregoing address. Mr. Robbins is the Chief Executive Officer of Manager. Each of the Fund and BHIP is principally involved in the business of investing in securities. Fund GP is principally involved in the business of serving as the general partner of the Funds. Manager is principally involved in the business of providing investment advisory and investment management services 9 to the Funds and its affiliates and, among other things, exercises all voting and other powers and privileges attributable to any securities held for the account of each of the Funds. Manager GP is principally involved in the business of serving as the general partner of Manager. (d) - (e) During the last five years, none of the Blue Harbour Reporting Persons nor, to the best of their knowledge, any of their officers and directors, has (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) 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. (2) Leon G. Cooperman. (a) - (c) and (f) Leon G. Cooperman ("Mr. Cooperman") is a citizen of the United States of America. Mr. Cooperman is the Managing Member of Omega Associates, L.L.C., a Delaware limited liability company ("Associates"). Associates is a private investment firm formed to invest in and act as general partner of investment partnerships or similar investment vehicles. Associates is the general partner of limited partnerships organized under the laws of Delaware known as Omega Capital Partners, L.P. ("Capital LP"), Omega Capital Investors, L.P. ("Investors LP"), and Omega Equity Investors, L.P. ("Equity LP"). These entities are private investment firms engaged in the purchase and sale of securities for investment for their own accounts. Mr. Cooperman is also the President and majority stockholder of Omega Advisors, Inc. ("Advisors"), a Delaware corporation engaged in providing investment management services, and Mr. Cooperman is deemed to control said entity. Advisors serves as the investment manager to Omega Overseas Partners, Ltd. ("Overseas"), a Cayman Island exempted company, with a business address at British American Tower, Third Floor, Jennrett Street, Georgetown, Grand Cayman Island, British West Indies. Mr. Cooperman has investment discretion over portfolio investments of Overseas and is deemed to control such investments. Advisors also serves as a discretionary investment advisor to a limited number of institutional clients (the "Managed Accounts"). As to the shares of Common Stock owned by the Managed Accounts, there would be shared power to dispose or to direct the disposition of such shares because the owners of the Managed Accounts may be deemed beneficial owners of such shares pursuant to Rule 13d-3 under the Act, as a result of their right to terminate the discretionary account within a period of 60 days. Mr. Cooperman is the ultimate controlling person of Associates, Capital LP, Investors LP, Equity LP, and Advisors. The address of the principal office of each of Mr. Cooperman, Associates, Capital LP, Investors LP, Equity LP and Advisors is 88 Pine Street, Wall Street Plaza - 31st Floor, New York, NY 10005. (d) - (e) During the last five years, none of Mr. Cooperman or the foregoing entities controlled by him, nor to the best of their knowledge, any of their officers and directors, has (i) been convicted in a criminal proceeding 10 (excluding traffic violations or similar misdemeanors) or (ii) 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. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 of the Statement is hereby amended and restated in its entirety, with effect from the date of this Amendment, as follows: (1) The Blue Harbour Reporting Persons. The 6,632,547 shares of Common Stock reported herein by the Blue Harbour Reporting Persons were acquired by the Funds for an aggregate purchase price of approximately $79,214,960. All such purchases of Common Stock by each of the Funds were funded by the working capital of the respective Funds, which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business. (2) Leon G. Cooperman. The 5,633,900 shares of Common Stock reported herein by Mr. Cooperman were acquired for an aggregate purchase price of approximately $64,156,771. All such purchases of Common Stock by Mr. Cooperman were funded by working capital, which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 of the Statement is hereby amended and restated in its entirety, with effect from the date of this Amendment, as follows: The Reporting Persons may be deemed to beneficially own collectively an aggregate of 12,266,447 shares of Common Stock, representing approximately 7.2% of the shares of Common Stock presently outstanding, such percentage being based on the number of shares of Common Stock outstanding as of May 1, 2006 (the "Issued and Outstanding Shares") as set forth in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2006. The Blue Harbour Reporting Persons and Mr. Cooperman each expressly disclaims beneficial ownership for all purposes of the shares of Common Stock held by the other Reporting Person. On May 5, 2006, subsequent to the filing of the Statement by the Original Reporting Persons, the Company filed its Quarterly Report on Form 10-Q for the period ended March 31, 2006, which reflected a decrease of 9,561,976 shares in the total number of shares of Common Stock outstanding. Consequently, the percentage of shares of Common Stock deemed to be beneficially owned by the Reporting Persons, as reported in this Amendment, reflects an increase resulting from both the purchases of the Reporting Persons, as disclosed herein, and the decrease in the total number of outstanding shares of Common Stock, as reported by the Company. (1) The Blue Harbour Reporting Persons. (a) The responses of the Blue Harbour Reporting Persons to Rows (11) through (13) of the cover pages of this Schedule 13D are incorporated herein by reference. 11 As of the close of business on the date hereof, the Fund beneficially owns an aggregate of 5,403,185 shares of Common Stock, representing approximately 3.2% of the shares of Common Stock based upon the Issued and Outstanding Shares and BHIP beneficially owns an aggregate of 1,229,362 shares of Common Stock, representing approximately 0.7% of the shares of Common Stock based upon the Issued and Outstanding Shares. The Fund is the direct owner of 5,403,185 shares of Common Stock reported by the Blue Harbour Reporting Persons on this Statement and BHIP is the direct owner of 1,229,362 shares of Common Stock reported by the Blue Harbour Reporting Persons on this Statement. For purposes of disclosing the number of shares beneficially owned by each of the Blue Harbour Reporting Persons, Fund GP, as general partner of the Funds, Manager, as the investment manager of the Funds, Manager GP as the general partner of Manager, and Mr. Robbins, as controlling owner of Fund GP and Manager GP (in addition to serving as Chief Executive Officer of Manager) may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Act) all shares of Common Stock that are owned beneficially and directly by the Funds. Fund GP, Manager, Manager GP and Mr. Robbins disclaims beneficial ownership of such shares for all other purposes. (b) The responses of the Blue Harbour Reporting Persons to (i) Rows (7) through (10) of the cover pages of this Statement and (ii) Item 5(a) hereof are incorporated herein by reference. (c) Except as set forth above or in the attached Schedule I (with respect to the Blue Harbour Reporting Persons), no Blue Harbour Reporting Person has effected any transaction in shares of Common Stock during the 60 days preceding the date hereof. All such transactions were effected in the open market, unless otherwise noted. The Funds have also entered into, and may from time to time enter into, purchases and sales of shares of Common Stock with each other. (d) No other person is known by the Blue Harbour Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported in this Statement, except dividends from, or proceeds from the sale of, the shares of Common Stock in the Fund and BHIP for which Manager acts as an investment advisor, which may be distributed to the applicable limited partner entitled thereto in accordance with their respective limited partnership interests in the Fund and BHIP. Other than as described in Item 5 hereof, no investment partnership or limited partner thereof has an interest in the shares of Common Stock reported in this Statement representing more than five percent of the Common Stock outstanding. (e) Not applicable. (2) Leon G. Cooperman. (a) As of the close of business on the date hereof, Mr. Cooperman may be deemed the beneficial owner of 5,633,900 shares of Common Stock representing approximately 3.3% of the shares of Common Stock based upon the Issued and Outstanding Shares. This consists of 1,610,000 shares of Common Stock owned by Capital LP; 563,200 shares of Common Stock owned by Equity LP; 139,900 shares of Common Stock owned by Investors LP; 1,024,200 shares of Common Stock owned by Overseas; and 2,296,600 shares of Common Stock owned by the Managed Accounts. 12 (b) The responses of Mr. Cooperman to (i) Rows (7) through (10) of the cover pages of this Statement and (ii) Item 5(a) hereof are incorporated herein by reference. (c) Except as set forth above or in the attached Schedule II (with respect to Mr. Cooperman and the foregoing entities controlled by him), none of Mr. Cooperman or the foregoing entities controlled by him has effected any transaction in shares of Common Stock during the 60 days preceding the date hereof. All such transactions were effected in the open market, unless otherwise noted. (d) No other person is known by Mr. Cooperman or the foregoing entities controlled by him to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported in this Statement, except dividends from, or proceeds from the sale of, the shares of Common Stock reported by the Managed Accounts may be distributed to the applicable investors therein. Other than as described in Item 5 hereof, no investment partnership or limited partner thereof has an interest in the shares of Common Stock reported in this Statement representing more than five percent of the Common Stock outstanding. (e) Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. EXHIBIT 1 Amended and Restated Agreement as to Joint Filing of Schedule 13D, dated July 25, 2006, by and among Manager, the Fund, BHIP, Fund GP, Manager GP, Clifton S. Robbins and Leon G. Cooperman. SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 25, 2006 BLUE HARBOUR GROUP, LP By: Blue Harbour Holdings, LLC, its general partner By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member BLUE HARBOUR STRATEGIC VALUE PARTNERS MASTER FUND, LP By: Blue Harbour GP, LLC, its general partner By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member BLUE HARBOUR INSTITUTIONAL PARTNERS MASTER FUND, L.P. By: Blue Harbour GP, LLC, its general partner By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member BLUE HARBOUR GP, LLC By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member BLUE HARBOUR HOLDINGS, LLC By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member /s/ Clifton S. Robbins ---------------------------------- Clifton S. Robbins 13 LEON G. COOPERMAN, individually, as Managing Member of Omega Associates, L.L.C. on behalf of Omega Capital Partners, L.P., Omega Capital Investors, L.P., Omega Equity Investors, L.P., and as President of Omega Advisors, Inc. By: /s/ Alan M. Stark ----------------------------------------- Name: Alan M. Stark Title: Attorney-in-Fact Power of Attorney on File 14 Schedule I Transactions in Shares of Common Stock by Blue Harbour Reporting Persons - -------------------------------------------------------------------------------- REPORTING DATE TRANSACTION NUMBER OF SHARES PRICE PER PERSON OF COMMON STOCK SHARE - -------------------------------------------------------------------------------- Fund 05/30/06 Purchase 145,300 $14.40 - -------------------------------------------------------------------------------- Fund 05/31/06 Purchase 3,500 $14.40 - -------------------------------------------------------------------------------- BHIP 06/02/06 Purchase* 86,000 $13.675 - -------------------------------------------------------------------------------- Fund 06/02/06 Purchase* 453,000 $13.675 - -------------------------------------------------------------------------------- BHIP 06/06/06 Purchase 200,000 $14.15 - -------------------------------------------------------------------------------- BHIP 06/13/06 Purchase 20,700 $13.64 - -------------------------------------------------------------------------------- Fund 06/13/06 Purchase 91,200 $13.64 - -------------------------------------------------------------------------------- BHIP 06/14/06 Purchase 3,200 $13.65 - -------------------------------------------------------------------------------- Fund 06/14/06 Purchase 14,100 $13.65 - -------------------------------------------------------------------------------- BHIP 06/16/06 Purchase 37,075 $13.90 - -------------------------------------------------------------------------------- Fund 06/16/06 Purchase 163,325 $13.90 - -------------------------------------------------------------------------------- BHIP 06/19/06 Purchase 2,140 $13.69 - -------------------------------------------------------------------------------- Fund 06/19/06 Purchase 9,400 $13.69 - -------------------------------------------------------------------------------- BHIP 06/20/06 Purchase 31,140 $13.68 - -------------------------------------------------------------------------------- Fund 06/20/06 Purchase 143,460 $13.68 - -------------------------------------------------------------------------------- BHIP 06/22/06 Purchase 1,807 $13.57 - -------------------------------------------------------------------------------- Fund 06/22/06 Purchase 9,500 $13.57 - -------------------------------------------------------------------------------- Fund 06/23/06 Purchase 100 $13.58 - -------------------------------------------------------------------------------- BHIP 07/10/06 Purchase 75,000 $13.66 - -------------------------------------------------------------------------------- Fund 07/10/06 Purchase 425,000 $13.66 - -------------------------------------------------------------------------------- BHIP 07/11/06 Purchase 2,600 $13.38 - -------------------------------------------------------------------------------- Fund 07/11/06 Purchase 15,000 $13.38 - -------------------------------------------------------------------------------- BHIP 07/21/06 Purchase 37,500 $12.12 - -------------------------------------------------------------------------------- Fund 07/21/06 Purchase 212,500 $12.12 - -------------------------------------------------------------------------------- BHIP 07/24/06 Purchase 14,000 $12.035 - -------------------------------------------------------------------------------- Fund 07/24/06 Purchase 86,000 $12.035 - -------------------------------------------------------------------------------- * Shares of Common Stock acquired upon the exercise of options for an aggregate purchase price of $13.675 per share, which includes the option purchase price of $8.665 per share and the exercise price of $5.01 per share. Schedule II Transactions in Shares of Common Stock by Leon G. Cooperman - -------------------------------------------------------------------------------- REPORTING DATE TRANSACTION NUMBER OF SHARES PRICE PER PERSON OF COMMON STOCK SHARE - -------------------------------------------------------------------------------- Managed Accounts 05/23/06 Purchase 110,000 $14.9026 - -------------------------------------------------------------------------------- Capital LP 06/05/06 Purchase* 175,100 $13.6750 - -------------------------------------------------------------------------------- Equity LP 06/05/06 Purchase* 34,800 $13.6750 - -------------------------------------------------------------------------------- Investors LP 06/05/06 Purchase* 14,200 $13.6750 - -------------------------------------------------------------------------------- Overseas 06/05/06 Purchase* 109,300 $13.6750 - -------------------------------------------------------------------------------- Managed Accounts 06/05/06 Purchase* 205,500 $13.6750 - -------------------------------------------------------------------------------- Capital LP 06/08/06 Purchase 20,000 $13.9661 - -------------------------------------------------------------------------------- Overseas 06/08/06 Purchase 17,600 $13.9661 - -------------------------------------------------------------------------------- Equity LP 06/08/06 Purchase 57,900 $13.9661 - -------------------------------------------------------------------------------- Investors LP 06/08/06 Purchase 8,800 $13.9661 - -------------------------------------------------------------------------------- Managed Accounts 06/08/06 Purchase 54,800 $13.9661 - -------------------------------------------------------------------------------- Capital LP 07/21/06 Purchase 87,100 $12.1083 - -------------------------------------------------------------------------------- Overseas 07/21/06 Purchase 58,100 $12.1083 - -------------------------------------------------------------------------------- Equity LP 07/21/06 Purchase 30,000 $12.1083 - -------------------------------------------------------------------------------- Investors LP 07/21/06 Purchase 10,300 $12.1083 - -------------------------------------------------------------------------------- Managed Accounts 07/21/06 Purchase 114,500 $12.1083 - -------------------------------------------------------------------------------- Capital LP 07/24/06 Purchase 56,600 $12.0246 - -------------------------------------------------------------------------------- Overseas 07/24/06 Purchase 36,100 $12.0246 - -------------------------------------------------------------------------------- Equity LP 07/24/06 Purchase 20,500 $12.0246 - -------------------------------------------------------------------------------- Investors LP 07/24/06 Purchase 4,900 $12.0246 - -------------------------------------------------------------------------------- Managed Accounts 07/24/06 Purchase 81,900 $12.0246 - -------------------------------------------------------------------------------- * Shares of Common Stock acquired upon the exercise of options for an aggregate purchase price of $13.675 per share, which includes the option purchase price of $8.665 per share and the exercise price of $5.01 per share. Exhibit 1 AMENDED AND RESTATED AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D Dated July 25, 2006 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 shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. 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 it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. This Agreement amends and restates in its entirety the Agreement as to Joint Filing of Schedule 13D previously entered into on May 1, 2006 by certain of the signatories hereto. This Agreement may be executed in counterparts and each of such counterparts taken together shall constitute one and the same instrument. BLUE HARBOUR GROUP, LP By: Blue Harbour Holdings, LLC, its general partner By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member BLUE HARBOUR STRATEGIC VALUE PARTNERS MASTER FUND, LP By: Blue Harbour GP, LLC, its general partner By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member BLUE HARBOUR INSTITUTIONAL PARTNERS MASTER FUND, L.P. By: Blue Harbour GP, LLC, its general partner By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member BLUE HARBOUR GP, LLC By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member BLUE HARBOUR HOLDINGS, LLC By: /s/ Clifton S. Robbins ---------------------------------- Name: Clifton S. Robbins Title: Managing Member /s/ Clifton S. Robbins ---------------------------------- Clifton S. Robbins LEON G. COOPERMAN, individually, as Managing Member of Omega Associates, L.L.C. on behalf of Omega Capital Partners, L.P., Omega Capital Investors, L.P., Omega Equity Investors, L.P., and as President of Omega Advisors, Inc. By: /s/ Leon G. Cooperman ----------------------------------------- Name: Leon G. Cooperman -----END PRIVACY-ENHANCED MESSAGE-----