- Amended Statement of Beneficial Ownership (SC 13D/A)
August 14 2009 - 4:49PM
Edgar (US Regulatory)
. UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
Southern Union Company
(Name of Issuer)
Common Stock
(Title of Class of Securities)
844030106
(CUSIP Number)
Sandell Asset Management Corp.
40 West 57th Street
26th Floor
New York, NY 10019
Attention: Richard Gashler, General Counsel
212-603-5700
With a Copy to:
Marc Weingarten, Esq.
David Rosewater, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, NY 10019
212-756-2000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 12, 2009
(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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties
to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
* 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. 844030106 SCHEDULE 13D/A Page 2 of 9 Pages
---------------------------- ---------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Castlerigg Master Investments Ltd.
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 4,426,887
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 4,426,887
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,426,887
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.57%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------- -----------------------------------------------------------------
|
---------------------------- ----------------------------
CUSIP No. 844030106 SCHEDULE 13D/A Page 3 of 9 Pages
---------------------------- ----------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Sandell Asset Management Corp.
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |X|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 4,426,887
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 4,426,887
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,426,887
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.57%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------- -----------------------------------------------------------------
|
---------------------------- ---------------------------
CUSIP No. 844030106 SCHEDULE 13D/A Page 4 of 9 Pages
---------------------------- ---------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Castlerigg International Limited
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 4,426,887
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 4,426,887
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,426,887
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.57%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------- -----------------------------------------------------------------
|
---------------------------- ---------------------------
CUSIP No. 844030106 SCHEDULE 13D/A Page 5 of 9 Pages
---------------------------- ---------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Castlerigg International Holdings Limited
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 4,426,887
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 4,426,887
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,426,887
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.57%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------- -----------------------------------------------------------------
|
---------------------------- ----------------------------
CUSIP No. 844030106 SCHEDULE 13D/A Page 6 of 9 Pages
---------------------------- ----------------------------
------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
Thomas E. Sandell
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |X|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Sweden
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 4,426,887
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 4,426,887
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,426,887
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.57%
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------- -----------------------------------------------------------------
|
---------------------------- ----------------------------
CUSIP No. 844030106 SCHEDULE 13D/A Page 7 of 9 Pages
---------------------------- ----------------------------
This Amendment No. 11 is filed with respect to the shares of the common
stock, par value $1.00 per share (the "Common Stock"), of Southern Union
Company, a Delaware corporation (the "Issuer"), beneficially owned by the
Reporting Persons (as previously defined) as of August 14, 2009 and amends and
supplements the Schedule 13D filed on June 26, 2006, as heretofor amended
(collectively, the "Schedule 13D"). Except as set forth herein, the Schedule 13D
is unmodified. This Amemdment No. 11 also constitutes an "exit filing" for the
Reporting Persons, who do not intend to file any further updates or amendments
to the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Paragraphs (a) through (c) and (e) of Item 5 of the Schedule 13D are hereby
amended and restated in the entirety as follows:
(a) Each of the Reporting Persons may be deemed to beneficially own the
4,426,887 shares of Common Stock held by Castlerigg Master Investments,
representing approximately 3.57% of the outstanding shares of Common Stock, and
such parties may be deemed to be a "group" with respect to such shares of Common
Stock. The filing of this statement on Schedule 13D and any future amendments
hereto, and the inclusion of information herein and therein, shall not be
construed as an admission that any of the Reporting Persons, for the purpose of
Section 13(d) of the Act or otherwise, is the beneficial owner of any shares of
Common Stock which such person does not own. The percentages used herein are
based upon the 124,056,552 shares of Common Stock reported to be outstanding as
of July 31, 2009 by the Issuer in its quarterly report on Form 10-Q for the
period ended June 30, 2009.
(b) None of the Reporting Persons has sole power to vote or direct the vote or
sole power to dispose or direct the disposition of shares of Common Stock. Each
of Castlerigg Master Investments, SAMC, Castlerigg International, Castlerigg
Holdings and Sandell has shared power to vote or direct the vote and shared
power to dispose or direct the disposition of the 4,426,887 shares of Common
Stock held by Castlerigg Master Investments.
(c) Information concerning transactions in the shares of Common Stock
that were effected by the Reporting Persons since the filing of Amendment No. 10
to the Schedule 13D on July 30, 2009 is set forth on Appendix I.
(e) August 14, 2009.
|
---------------------------- ----------------------------
CUSIP No. 844030106 SCHEDULE 13D/A Page 8 of 9 Pages
---------------------------- ----------------------------
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: August 14, 2009
CASTLERIGG MASTER INVESTMENTS LTD.
By: Sandell Asset Management Corp.,
its Investment Manager
By: /s/ Thomas E. Sandell
---------------------
Thomas E. Sandell, Chief Executive Officer
CASTLERIGG INTERNATIONAL LIMITED
By: Sandell Asset Management Corp.,
its Investment Manager
By: /s/ Thomas E. Sandell
---------------------
Thomas E. Sandell, Chief Executive Officer
CASTLERIGG INTERNATIONAL HOLDINGS LIMITED
By: Sandell Asset Management Corp.,
its Investment Manager
By: /s/ Thomas E. Sandell
---------------------
Thomas E. Sandell, Chief Executive Officer
SANDELL ASSET MANAGEMENT CORP.
By: /s/ Thomas E. Sandell
---------------------
Thomas E. Sandell, Chief Executive Officer
/s/ Thomas E. Sandell
---------------------
Thomas E. Sandell
|
---------------------------- ----------------------------
CUSIP No. 844030106 SCHEDULE 13D/A Page 9 of 9 Pages
---------------------------- ----------------------------
APPENDIX I
TRANSACTIONS EFFECTED SINCE THE FILING OF AMENDMENT NO. 10 TO THE SCHEDULE 13D
(All market transactions were effected on the New York Stock Exchange)
Castlerigg Master Investments
---------------------------- ------------------------- -------------------------
Date of Transaction Amount of Securities Price per share or unit
Bought/ (Sold)
---------------------------- ------------------------- -------------------------
07/30/2009 (200,000) 19.67
---------------------------- ------------------------- -------------------------
07/30/2009 (450,704) 19.35
---------------------------- ------------------------- -------------------------
07/30/2009 (2,500) 19.88
---------------------------- ------------------------- -------------------------
08/4/2009 (103,200) 19.58
---------------------------- ------------------------- -------------------------
08/4/2009 (41,835) 19.54
---------------------------- ------------------------- -------------------------
08/5/2009 (125,800) 19.20
---------------------------- ------------------------- -------------------------
08/6/2009 (150,000) 18.49
---------------------------- ------------------------- -------------------------
08/6/2009 (7,800) 18.77
---------------------------- ------------------------- -------------------------
08/12/2009 (347,256) 18.90
---------------------------- ------------------------- -------------------------
08/13/2009 (600,000) 19.02
---------------------------- ------------------------- -------------------------
08/13/2009 (270,984) 19.01
---------------------------- ------------------------- -------------------------
08/13/2009 (125,000) 19.00
---------------------------- ------------------------- -------------------------
08/14/2009 (1,000,000) 19.15
---------------------------- ------------------------- -------------------------
08/14/2009 (900,000) 19.04
---------------------------- ------------------------- -------------------------
|
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