Page 1 of 35
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. ___)*
LOUISIANA-PACIFIC CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
546347105
(CUSIP Number)
Mary A. Lee
TPG-Axon Capital Management, LP
888 Seventh Avenue, 38th Floor
New York, New York 10019
(212) 479-2000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JUNE 9, 2005
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See
ss.240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
(Continued on following pages)
(Page 1 of 18 Pages)
---------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 2 of 18 Pages
---------------------------- ----------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon Capital Management, LP
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
6,779,800
-------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,779,800
-------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,779,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/_/
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.12%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
* All percentage ownerships reported in this Schedule 13D are based on
110,855,122 shares of Common Stock issued and outstanding as of April 28, 2005,
as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended March 31, 2005 filed with the Securities and Exchange Commission on
May 10, 2005.
---------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 3 of 18 Pages
---------------------------- ----------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon Partners GP, LP
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
2,336,056
-------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 2,336,056
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,336,056
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.11%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
---------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 4 of 18 Pages
---------------------------- ----------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon Partners, LP
--------------------------------------------------------------------------------
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).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
2,336,056
-------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 2,336,056
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,336,056
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.11%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
---------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 5 of 18 Pages
---------------------------- ----------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon GP, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
6,779,800
-------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,779,800
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,779,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.12%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
---------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 6 of 18 Pages
---------------------------- ----------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
TPG-Axon Partners (Offshore), 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).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, BWI
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
4,443,744
-------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 4,443,744
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,443,744
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.01%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
---------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 7 of 18 Pages
---------------------------- ----------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Dinakar Singh LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
6,779,800
-------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,779,800
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,779,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.12%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
---------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 8 of 18 Pages
---------------------------- ----------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Dinakar Singh
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e).
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
0
-------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
6,779,800
-------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
-------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,779,800
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,779,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|-|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.12%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
--------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 9 of 18 Pages
---------------------------- ----------------------------
This Schedule 13D is being filed by TPG-Axon Capital Management, LP
("TPG-Axon Management"), TPG-Axon Partners GP, LP ("PartnersGP"), TPG-Axon
Partners, LP ("TPG-Axon Domestic"), TPG-Axon GP, LLC ("GPLLC"), TPG-Axon
Partners (Offshore), Ltd. ("TPG-Axon Offshore"), Dinakar Singh LLC ("Singh LLC")
and Dinakar Singh ("Mr. Singh"). The foregoing persons are sometimes
collectively referred to herein as the "Reporting Persons." Any disclosures
herein with respect to persons other than the Reporting Persons are made on
information and belief of the Reporting Persons. This Schedule 13D relates to
the Common Stock, par value $1.00 per share (the "Common Stock"), of Louisiana-
Pacific Corporation, a Delaware corporation (the "Issuer"). References herein to
the "Shares" are to the Common Stock of the Issuer being reported herein by the
Reporting Persons.
The Reporting Persons are making a single, joint filing because they may be
deemed to constitute a "group" within the meaning of Section 13(d)(3) of the
Act. The agreement among the Reporting Persons to file jointly (the "Joint
Filing Agreement") is attached hereto as Exhibit 1.
TPG-Axon Management, as investment manager to TPG-Axon Domestic and
TPG-Axon Offshore, has the power to direct the disposition and voting of the
Shares held by TPG-Axon Domestic and TPG-Axon Offshore. PartnersGP is the
general partner of TPG-Axon Domestic. GPLLC is the general partner of PartnersGP
and TPG-Axon Management. Singh LLC is a Managing Member of GPLLC. Mr. Singh, an
individual, is the Managing Member of Singh LLC and in such capacity may be
deemed to control Singh LLC, GPLLC and TPG-Axon Management, and therefore may be
deemed the beneficial owner of the securities held by TPG-Axon Domestic and
TPG-Axon Offshore. Mr. Singh and Eric Mandelblatt ("Mr. Mandelblatt") are
Co-Chief-Executive Officers of TPG-Axon Management.
Each of Singh LLC, GPLLC, PartnersGP, Mr. Singh and Mr. Mandelblatt
disclaims beneficial ownership of all of the shares of Common Stock reported in
this Schedule 13D.
ITEM 1. SECURITY AND ISSUER
This statement on Schedule 13D relates to the Common Stock, par value $1.00
per share, of the Issuer, acquired by private investment funds managed by
TPG-Axon Management. The Issuer's principal executive office is located at 414
Union Street, Suite 2000, Nashville, TN 37219-1711.
ITEM 2. IDENTITY AND BACKGROUND
(a) This statement is filed on behalf of TPG-Axon Management, PartnersGP,
TPG-Axon Domestic, GPLLC, TPG-Axon Offshore, Singh LLC and Mr. Singh.
(b) The address of the principal business offices of TPG-Axon Management,
PartnersGP, TPG-Axon Domestic, GPLLC, Singh LLC, Mr. Singh and each of the
executive officers of TPG-Axon Management, is c/o TPG-Axon Capital Management,
LP, 888 Seventh Avenue, 38th Floor, New York, New York 10019. The address of the
principal business office of TPG-Axon Offshore is c/o Goldman Sachs (Cayman)
Trust Limited, P.O. Box 896 GT, Harbour Centre, George Town, Grand Cayman,
Cayman Islands, BWI.
(c) Each of Mr. Singh and Mr. Mandelblatt is primarily engaged in the
business of investment management. The principal business of TPG-Axon Management
is to serve as investment manager to the investment funds (TPG-Axon Domestic and
TPG-Axon Offshore). The principal business of GPLLC is to act as the general
partner of PartnersGP and TPG-Axon Domestic. The principal business of
PartnersGP is to act as the general partner of TPG-Axon Management. The
principal business of Singh
--------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 10 of 18 Pages
--------------------------- ----------------------------
LLC is to act as a Managing Member of GPLLC.
(d) None of the Reporting Persons, nor any of their executive officers or
members have, during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) None of the Reporting Persons, nor any of their executive officers or
members have, during the last five years, been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
(f) Each of TPG-Axon Management, PartnersGP and TPG-Axon Domestic are
Delaware limited partnerships. Each of GPLLC and Singh LLC are Delaware limited
liability companies. TPG-Axon Offshore is a Cayman Islands exempted company.
Each of Mr. Singh and Mr. Mandelblatt is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
TPG-Axon Offshore has purchased 4,443,744 Shares, using its investment
capital and margin accounts in the ordinary course of business, for a total
purchase price of approximately $106,770,005.47. TPG-Axon Domestic has purchased
2,336,056 Shares, using its investment capital and margin accounts in the
ordinary course of business, for a total purchase price of approximately
$56,129,390.46.
ITEM 4. PURPOSE OF TRANSACTION
The Shares reported in this Schedule 13D were acquired for investment
purposes in the ordinary course of business. The Reporting Persons believe that
the Common Stock at current market prices is significantly undervalued and
represent an attractive investment opportunity. Consistent with such investment
purposes, the Reporting Persons may further purchase, hold, vote, trade, dispose
of or otherwise deal in the Shares at times, and in such manner, as they deem
advisable to benefit from changes in the market price of such Shares, changes in
the Issuer's operations, business strategy or prospects, or from sale or merger
of the Issuer. The Reporting Persons may take one or more actions set forth
under subsections (a) through (j) of Item 4 of Schedule 13D, including seeking
to influence or change the Issuer's operations or business development plans,
business strategy, management or directors, competitive position, capital
structure or capital management policy. The Reporting Persons may discuss such
matters with management or directors of the Issuer, other shareholders, industry
analysts, existing or potential strategic partners or competitors, and
investment and financing professionals. Such factors and discussions may
materially affect, and result in, the Reporting Persons' modifying their
ownership of Common Stock, exchanging information with the Issuer pursuant to
appropriate confidentiality or similar agreements, proposing changes in the
Issuer's operations, governance, capitalization, or strategic plans, or in
proposing one or more other actions. The Reporting Persons reserve the right to
at any time reconsider and change their plans or proposals relating to the
foregoing. Except as set forth herein, the Reporting Persons do not have any
plan or proposal that would relate to, or result in, any of the matters set
forth under subsections (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Reporting Persons may be deemed to beneficially own, in the
aggregate, 6,779,800 Shares, representing approximately 6.12% of the Issuer's
outstanding Common Stock (based upon the 110,855,122 Shares stated to be
outstanding by the Issuer as of April 28, 2005, in the Issuer's Form 10-Q for
the period
--------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 11 of 18 Pages
--------------------------- ----------------------------
ending on March 31, 2005, filed with the Securities and Exchange Commission on
May 10, 2005). Each of Mr. Singh, Singh LLC, TPG-Axon Management and GPLLC may
be deemed to beneficially own 6,779,800 Shares. TPG-Axon Offshore may be deemed
to beneficially own 4,443,744 Shares. Each of PartnersGP and TPG-Axon Domestic
may be deemed to beneficially own 2,336,056 Shares. Each Reporting Person
disclaims beneficial ownership of any of the Shares other than as reported
herein as being directly held by it.
(b) As of the date hereof, Mr. Singh, Singh LLC, TPG-Axon Management and
GPLLC have, directly or indirectly, the right to vote and dispose or direct the
disposition of, 6,779,800 Shares. Offshore has, directly or indirectly, the
right to vote and dispose or direct the disposition of, 4,443,744 Shares. Each
of PartnersGP and TPG-Axon Domestic have, directly or indirectly, the right
to vote and dispose or direct the disposition of, 2,336,056 Shares. (The
percentages herein are based upon the 110,855,122 Shares stated to be
outstanding by the Issuer as of April 28, 2005, in the Issuer's Form 10-Q for
the period ending on March 31, 2005, filed with the Securities and Exchange
Commission on May 10, 2005).
(c) See Exhibit 2 attached hereto.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Pursuant to Rule 13d-1(k) promulgated under the Exchange Act, the Reporting
Persons have entered into an agreement with respect to the joint filing of this
statement, and any amendment or amendments hereto, which is attached hereto as
Exhibit 1.
Except as otherwise set forth herein, the Reporting Persons do not have any
contract, arrangement, understanding or relationship with any person with
respect to securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 -- Joint Filing Agreement dated June 20, 2005, signed by each of the
Reporting Persons in order to confirm that this statement is being filed on
behalf of each of the Reporting Persons.
Exhibit 2 -- Table of Transactions
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: June 20, 2005
Dinakar Singh LLC
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Managing Member
--------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 12 of 18 Pages
--------------------------- ----------------------------
TPG-Axon GP, LLC
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Co-President
TPG-Axon Capital Management, LP
By: TPG-Axon GP, LLC, general partner
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Co-President
TPG-Axon Partners GP, LP
By: TPG-Axon GP, LLC, general partner
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Co-President
TPG-Axon Partners, LP
By: TPG-Axon Partners GP, LP, general partner
By: TPG-Axon GP, LLC, general partner
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Co-President
TPG-Axon Partners (Offshore), Ltd.
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Director
/s/ DINAKAR SINGH
---------------------
Dinakar Singh
--------------------------- ----------------------------
CUSIP NO. 546347105 SCHEDULE 13D Page 13 of 18 Pages
--------------------------- ----------------------------
LIST OF EXHIBITS
TO SCHEDULE 13D
1. Agreement to Make Joint Filing
2. Table of Transactions
EXHIBIT 1
AGREEMENT TO MAKE JOINT FILING
Each of the undersigned acknowledges and agrees that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing agreements.
Dated: June 20, 2005
Dinakar Singh LLC
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Managing Member
TPG-Axon GP, LLC
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Co-President
TPG-Axon Capital Management, LP
By: TPG-Axon GP, LLC, general partner
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Co-President
TPG-Axon Partners GP, LP
By: TPG-Axon GP, LLC, general partner
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Co-President
TPG-Axon Partners, LP
By: TPG-Axon Partners GP, LP, general partner
By: TPG-Axon GP, LLC, general partner
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Co-President
TPG-Axon Partners (Offshore), Ltd.
By: /s/ DINAKAR SINGH
----------------------
Dinakar Singh
Director
/s/ DINAKAR SINGH
----------------------
Dinakar Singh
EXHIBIT 2
TABLE OF TRANSACTIONS
The Reporting Persons listed below purchased the following Shares in the open
market in the last sixty days:
NAME OF REPORTING PERSON TRADE DATE NO. OF SHARES PRICE PER SHARE
TPG-Axon Partners, LP 4/19/2005 21,148 23.9243
4/19/2005 42,500 23.93
4/20/2005 51,000 23.9064
4/21/2005 13,600 23.93
4/21/2005 68,000 24.0317
4/22/2005 8,500 23.4986
4/22/2005 108,300 23.8461
4/25/2005 36,482 23.8403
4/26/2005 19,788 23.6997
4/26/2005 68,000 23.5424
4/27/2005 56,406 23.7587
4/27/2005 113,900 24.1207
4/28/2005 72,760 24.0028
4/28/2005 17,000 24.15
4/28/2005 20,400 24.1
4/28/2005 220,796 24.1972
4/29/2005 93,500 24.4132
5/2/2005 17,000 24.0052
5/2/2005 68,000 24.1282
5/3/2005 51,748 24.371
5/4/2005 8,750 24.48
5/4/2005 26,250 24.5161
5/5/2005 41,090 24.726
5/6/2005 4,515 24.2092
5/9/2005 35 24.69
5/9/2005 40,250 24.5473
5/10/2005 65,520 24.3715
5/10/2005 57,700 24.2564
5/11/2005 61,950 24.5981
5/11/2005 1,680 24.5246
5/11/2005 32,348 24.5384
5/12/2005 52,500 24.6167
5/12/2005 63,000 24.5065
5/12/2005 35,000 24.57
5/12/2005 17,500 23.89
5/12/2005 8,750 24
5/12/2005 17,500 23.9581
5/13/2005 8,750 23.53
5/13/2005 18,760 23.5076
5/13/2005 8,750 23.314
5/16/2005 26,250 23.7504
5/16/2005 8,750 23.8
5/27/2005 17,500 25.0726
6/9/2005 192,500 23.5001
6/9/2005 161,000 23.6473
6/15/2005 4,515 23.7447
6/15/2005 39,900 23.75
6/20/2005 17,500 23.64
6/20/2005 17,500 23.62
6/20/2005 32,515 23.6925
TPG-Axon Partners 4/19/2005 41,052 23.9243
(Offshore), Ltd. 4/19/2005 82,500 23.93
4/20/2005 99,000 23.9064
4/21/2005 26,400 23.93
4/21/2005 132,000 24.0317
4/22/2005 16,500 23.4986
4/22/2005 210,300 23.8461
4/25/2005 70,818 23.8403
4/26/2005 38,412 23.6997
4/26/2005 132,000 23.5424
4/27/2005 109,494 23.7587
4/27/2005 221,100 24.1207
4/28/2005 141,240 24.0028
4/28/2005 33,000 24.15
4/28/2005 39,600 24.1
4/28/2005 428,604 24.1972
4/29/2005 181,500 24.4132
5/2/2005 33,000 24.0052
5/2/2005 132,000 24.1282
5/3/2005 100,452 24.371
5/4/2005 16,250 24.48
5/4/2005 48,750 24.5161
5/5/2005 76,310 24.726
5/6/2005 8,385 24.2092
5/9/2005 65 24.69
5/9/2005 74,750 24.5473
5/10/2005 121,680 24.3715
5/10/2005 107,300 24.2564
5/11/2005 115,050 24.5981
5/11/2005 3,120 24.5246
5/11/2005 60,252 24.5384
5/12/2005 97,500 24.6167
5/12/2005 117,000 24.5065
5/12/2005 65,000 24.57
5/12/2005 32,500 23.89
5/12/2005 16,250 24
5/12/2005 32,500 23.9581
5/13/2005 16,250 23.53
5/13/2005 34,840 23.5076
5/13/2005 16,250 23.314
5/16/2005 48,750 23.7504
5/16/2005 16,250 23.8
5/27/2005 32,500 25.0726
6/9/2005 357,500 23.5001
6/9/2005 299,000 23.6473
6/15/2005 8,385 23.7447
6/15/2005 74,100 23.75
6/20/2005 32.500 23.64
6/20/2005 32,500 23.62
6/20/2005 60,385 23.6925