UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Aleris International, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.10 Par Value Per Share
--------------------------------------------------------------------------------
(Title of Class of Securities)
014477103
---------
(CUSIP Number)
February 16, 2005
-----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] 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).
------------------------------------ ------------------------------
CUSIP No. 014477103 13G Page 2 of 18 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,041,200 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,041,200 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,041,200 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 18
------------------------------------ ------------------------------
CUSIP No. 014477103 13G Page 3 of 18 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,041,200 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,041,200 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,041,200 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 18
------------------------------------ ------------------------------
CUSIP No. 014477103 13G Page 4 of 18 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Associates, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,037,900 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,037,900 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,037,900 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.4% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 18
------------------------------------ ------------------------------
CUSIP No. 014477103 13G Page 5 of 18 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. MultiQuant Fund, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,300 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,300 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,300 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 18
------------------------------------- ------------------------------
CUSIP No. 014477103 13G Page 6 of 18 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CR Intrinsic Investors, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 439,800 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
439,800(see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
439,800 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 6 of 18
------------------------------------- ------------------------------
CUSIP No. 014477103 13G Page 7 of 18 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CR Intrinsic Investments, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 439,800 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
439,800(see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
439,800(see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 7 of 18
------------------------------------- ------------------------------
CUSIP No. 014477103 13G Page 8 of 18 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 250,000 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
250,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.8% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 8 of 18
------------------------------------- ------------------------------
CUSIP No. 014477103 13G Page 9 of 18 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Associates, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 250,000 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
250,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.8% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 9 of 18
------------------------------------- ------------------------------
CUSIP No. 014477103 13G Page 10 of 18 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,731,000 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,731,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,731,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.9% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 10 of 18
Item 1(a) Name of Issuer:
--------------
Aleris International, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
25825 Science Park Drive, Suite 400
Beachwood, Ohio 44122
Items 2(a) Name of Person Filing:
----------------------
This statement is filed by: (i) S.A.C.
Capital Advisors, LLC, ("SAC Capital
Advisors") with respect to shares of common
stock, $0.001 par value per share ("Shares")
of the Issuer beneficially owned by S.A.C.
Capital Associates, LLC ("SAC Capital
Associates") and S.A.C. MultiQuant Fund, LLC
("SAC MultiQuant"); (ii) S.A.C. Capital
Management, LLC, ("SAC Capital Management")
with respect to Shares beneficially owned by
SAC Capital Associates and SAC MultiQuant;
(iii) SAC Capital Associates with respect to
Shares beneficially owned by it; (iv) SAC
MultiQuant with respect to Shares
beneficially owned by it; (v) CR Intrinsic
Investors, LLC ("CR Intrinsic Investors")
with respect to Shares beneficially owned by
CR Intrinsic Investments, LLC ("CR Intrinsic
Investments"); (vi) CR Intrinsic Investments
with respect to Shares beneficially owned by
it; (vii) Sigma Capital Management, LLC
("Sigma Capital Management") with respect to
Shares beneficially owned by Sigma Capital
Associates, LLC ("Sigma Capital
Associates"); (viii) Sigma Capital
Associates with respect to Shares
beneficially owned by it; and (ix) Steven A.
Cohen with respect to Shares beneficially
owned by SAC Capital Advisors, SAC Capital
Management, SAC Capital Associates, SAC
MultiQuant, CR Intrinsic Investors, CR
Intrinsic Investments, Sigma Capital
Management and Sigma Capital Associates.
Item 2(b) Address of Principal Business Office:
-------------------------------------
The address of the principal business office
of (i) SAC Capital Advisors, CR Intrinsic
Investors and Mr. Cohen is 72 Cummings Point
Road, Stamford, Connecticut 06902, (ii) SAC
Capital Management and Sigma Capital
Management is 540 Madison Avenue, New York,
New York 10022, (iii) SAC Capital
Associates, SAC MultiQuant and Sigma Capital
Associates is P.O. Box 58, Victoria House,
The Valley, Anguilla, British West Indies
and (iv) CR Intrinsic Investments is Box
174, Mitchell House, The Valley, Anguilla,
BWI.
Page 11 of 18
Item 2(c) Citizenship:
------------
SAC Capital Advisors, SAC Capital
Management, CR Intrinsic Investors and Sigma
Capital Management are Delaware limited
liability companies. SAC Capital Associates,
SAC MultiQuant, CR Intrinsic Investments and
Sigma Capital Associates are Anguillan
limited liability companies. Mr. Cohen is a
United States citizen.
Item 2(d) Title of Class of Securities:
-----------------------------
Common Stock, par value $0.10 per share
Item 2(e) CUSIP Number:
-------------
014477103
Item 3 Not Applicable
Item 4 Ownership:
----------
As of the close of business on February 17, 2005:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 1,041,200
(b) Percent of class: 3.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
1,041,200
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the
disposition: 1,041,200
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 1,041,200
(b) Percent of class: 3.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
1,041,200
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 1,041,200
3. S.A.C. Capital Associates, LLC
(a) Amount beneficially owned: 1,037,900
(b) Percent of class: 3.4%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
1,037,900
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 1,037,900
Page 12 of 18
4. S.A.C. MultiQuant Fund, LLC
(a) Amount beneficially owned: 3,300
(b) Percent of class: Less than 0.1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,300
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 3,300
5. CR Intrinsic Investors, LP
(a) Amount beneficially owned: 439,800
(b) Percent of class: Less than 1.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 439,800
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 439,800
6. CR Intrinsic Investments, LLC
(a) Amount beneficially owned: 439,800
(b) Percent of class: Less than 1.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 439,800
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 439,800
7. Sigma Capital Management, LLC
(a) Amount beneficially owned: 250,000
(b) Percent of class: 0.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 250,000
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the
disposition: 250,000
8. Sigma Capital Associates, LLC
(a) Amount beneficially owned: 250,000
(b) Percent of class: 0.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 250,000
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the
disposition: 250,000
9. Steven A. Cohen
(a) Amount beneficially owned: 1,731,000
(b) Percent of class: 5.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
1,731,000
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 1,731,000
Page 13 of 18
SAC Capital Advisors, SAC Capital
Management, CR Intrinsic Investors, Sigma
Capital Management and Mr. Cohen own
directly no Shares. Pursuant to investment
agreements, each of SAC Capital Advisors and
SAC Capital Management share all investment
and voting power with respect to the
securities held by SAC Capital Associates
and SAC MultiQuant. Pursuant to an
investment management agreement, CR
Instrinsic Investors maintains investment
and voting power with respect to the
securities held by CR Intrinsic Investments.
Pursuant to an investment management
agreement, Sigma Capital Management
maintains investment and voting power with
respect to the securities held by Sigma
Capital Associates. Mr. Cohen controls each
of SAC Capital Advisors, SAC Capital
Management, CR Intrinsic Investors and Sigma
Capital. By reason of the provisions of Rule
13d-3 of the Securities Exchange Act of
1934, as amended, each of (i) SAC Capital
Advisors, SAC Capital Management and Mr.
Cohen may be deemed to own beneficially
1,041,200 Shares (constituting approximately
3.5% of the Shares outstanding); (ii) CR
Intrinsic Investors and Mr. Cohen may be
deemed to own beneficially 439,800 Shares
(constituting approximately 1.5% of the
Shares outstanding); and (iii) Sigma Capital
Management and Mr. Cohen may be deemed to
own beneficially 250,000 Shares
(constituting approximately less than 0.8%
of the Shares outstanding). Each of SAC
Capital Advisors, SAC Capital Management,
Sigma Capital Management, CR Intrinsic
Investors and Mr. Cohen disclaim beneficial
ownership of any of the securities covered
by this statement.
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.
Item 6 Ownership of More than Five Percent on Behalf of
------------------------------------------------
Another Person:
---------------
Not Applicable
Page 14 of 18
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:
------------
Not Applicable
Item 9 Notice of Dissolution of Group:
------------------------------
Not Applicable
Item 10 Certification:
--------------
By signing below the signatory certifies that, to the best of his knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with 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 that purpose or
effect.
Page 15 of 18
Exhibit Index
Exhibit 1. Joint Filing Agreement, dated February 22, 2005, by and among CR
Intrinsic Investors, LP, CR Intrinsic Investments, LLC and S.A.C. Capital
Advisors, LLC.
Page 16 of 18
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 22, 2005
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. MULTIQUANT FUND, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
CR INTRINSIC INVESTORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 17 of 18
CR INTRINSIC INVESTMENTS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 18 of 18