SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
ORIENT-EXPRESS HOTELS LTD.
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(Name of Issuer)
Class A Common Shares, $0.01 Par Value
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(Title of Class of Securities)
G67743107
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(CUSIP Number)
Peter A. Nussbaum, Esq.
S.A.C. Capital Advisors, LLC
72 Cummings Point Road
Stamford, CT 06902
(203) 890-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 16, 2008
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(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: [X]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 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).
SCHEDULE 13D
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CUSIP No. G67743107 Page 2 of 12 Pages
-------------------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING 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 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
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0 (see Item 5)
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
00
----------- --------------------------------------------------------------------
SCHEDULE 13D
-------------------------------- ------------------
CUSIP No. G67743107 Page 3 of 12 Pages
-------------------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.A.C. Capital Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
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
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0 (see Item 5)
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
00
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SCHEDULE 13D
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CUSIP No. G67743107 Page 4 of 12 Pages
-------------------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
CR Intrinsic Investors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
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
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,350,000 (see Item 5)
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,350,000 (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,350,000 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.5%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
00
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SCHEDULE 13D
-------------------------------- ------------------
CUSIP No. G67743107 Page 5 of 12 Pages
-------------------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
CR Intrinsic Investments, LLC
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
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
Anguilla, British West Indies
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,350,000 (see Item 5)
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,350,000 (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,350,000 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.5%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
00
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SCHEDULE 13D
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CUSIP No. G67743107 Page 6 of 12 Pages
-------------------------------- ------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Steven A. Cohen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------- --------------------------------------------------------------------
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
United States
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,350,000 (see Item 5)
OWNED BY --------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,350,000 (see Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,350,000 (see Item 5)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.5%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Item 1. Security and the Issuer
This Schedule 13D relates to shares of Class A common shares, $0.01 par
value per share (the "Common Stock"), of Orient-Express Hotels Ltd., a Bermuda
company (the "Issuer"). The principal executive office of the Issuer is located
at 22 Victoria Street, Hamilton HM 12, Bermuda. This Schedule 13D supersedes the
Schedule 13G previously filed by the Reporting Persons (as defined below) with
respect to the Common Stock on February 15, 2008.
Item 2. Identity and Background
(a) This statement is filed by:
(i) S.A.C. Capital Advisors, LLC ("SAC Capital Advisors") with respect
to shares of Common Stock directly beneficially owned by S.A.C. Capital
Associates, LLC ("SAC Associates");
(ii) S.A.C. Capital Management, LLC ("SAC Capital Management") with
respect to shares of Common Stock directly beneficially owned by SAC
Associates;
(iii) CR Intrinsic Investors, LLC ("CR Intrinsic Investors") with
respect to shares of Common Stock directly beneficially owned by CR
Intrinsic Investments, LLC ("CR Intrinsic Investments");
(iv) CR Intrinsic Investments with respect to shares of Common Stock
directly beneficially owned by it; and
(v) Steven A. Cohen with respect to shares of Common Stock
beneficially owned by SAC Capital Advisors, SAC Capital Management, SAC
Associates, CR Instrinsic Investors and CR Intrinsic Investments.
SAC Capital Advisors, SAC Capital Management, CR Intrinsic Investors, CR
Intrinsic Investments and Mr. Cohen (collectively, the "Reporting Persons")
expressly disclaim beneficial ownership of securities directly beneficially
owned by any person or entity other than, to the extent of any pecuniary
interest therein, the various accounts under the Reporting Persons' management
and control.
(b) 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 is 540 Madison Avenue,
New York, New York 10022, and (iii) CR Intrinsic Investments is Box 174,
Mitchell House, The Valley, Anguilla, British West Indies.
(c) The principal business of CR Intrinsic Investments is to serve as a
private investment limited liability company. The principal business of CR
Intrinsic Investors is to serve as investment manager to CR Intrinsic
Investments, and to control the investing
Page 7 of 12
and trading in securities by this private investment fund. The principal
business of each of SAC Capital Advisors and SAC Capital Management is to serve
as investment manager to a variety of private investment funds, including SAC
Associates, and to control the investing and trading in securities by these
private investment funds. The principal business of Mr. Cohen is to serve as a
principal of CR Intrinsic Investors, SAC Capital Advisors and SAC Capital
Management located at his address set forth above, and of certain other
affiliated entities.
(d) None of the Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Reporting Persons has, 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) SAC Capital Advisors, SAC Capital Management and CR Intrinsic Investors
are Delaware limited liability companies. CR Intrinsic Investments is an
Anguillan limited liability company. Mr. Cohen is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
The Reporting Persons expended an aggregate of approximately $120,735,189
of investment capital to purchase the 2,350,000 shares of Common Stock. Such
transactions were effected in open market purchases and acquired in the ordinary
course of business and are held by CR Intrinsic Investments in a commingled
margin account, maintained at Goldman Sachs & Co., which may extend margin
credit to the Reporting Persons as and when required to open or carry positions
in the margin account, subject to applicable federal margin regulations, stock
exchange rules and credit policies. In such instances, the positions held in the
margin account are pledged as collateral security for the repayment of debit
balances in the account. The margin account may from time to time have debit
balances. Since other securities are held in the margin account, it is not
possible to determine the amounts, if any, of margin used to purchase the shares
of Common Stock reported herein.
Item 4. Purpose of Transaction.
The Reporting Persons originally acquired the Common Stock subject to this
Schedule 13D for investment purposes, in the ordinary course of business, and
not with the purpose or effect of changing or influencing the control or
management of the Issuer and without any agreement with any third party to act
together for the purpose of acquiring, holding, voting or disposing of equity
securities of the Issuer.
The Reporting Persons have certain concerns with respect to the Issuer's
dual share class and corporate governance structure, including the super voting
rights of the Issuer's Class B shares and the legality of such structure. The
Reporting Persons believe
Page 8 of 12
that the existing structure creates an unnecessary and significant valuation
discount for the Issuer's shares.
As part of the Reporting Persons' continuing evaluation of, and
preservation of the value of, their investment in the Common Stock of the
Issuer, the Reporting Persons may from time to time engage in discussions with,
write letters to and respond to inquiries from, various persons, including,
without limitation, the Issuer's Board of Directors, management or
representatives, other shareholders of the Issuer and other relevant parties
concerning matters with respect to the Issuer and the Reporting Persons'
investment in the Common Stock, including, without limitation, the business,
operations, governance, management, strategy and future plans of the Issuer.
Depending on various factors, including the Issuer's financial position and
strategic direction, the outcome of the matters referenced above, actions taken
by the Board of Directors, price levels of the Common Stock, other investment
opportunities available to the Reporting Persons, conditions in the securities
markets and general economic and industry conditions, the Reporting Persons may
in the future take such actions with respect to their investment in the Issuer
as they deem appropriate, including changing their current intentions, with
respect to any or all matters referred to in this Item 4 of Schedule 13D and
may, from time to time, acquire or cause affiliates to acquire additional Common
Stock of the Issuer, dispose of some or all of their Common Stock of the Issuer,
engage in short-selling or hedging or similar transactions with respect to the
Common Stock of the Issuer, and/or continue to hold Common Stock of the Issuer.
Except as set forth herein, or as would occur upon completion of any of the
matters discussed herein, the Reporting Persons have no present plan or proposal
that would relate to or result in any of the matters set forth in subparagraphs
(a)-(j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) As of the close of business on May 15, 2008, the Reporting Persons
beneficially own an aggregate of 2,350,000 shares of Common Stock, representing
approximately 5.5% of the shares of Common Stock outstanding. The percentages
used herein are based upon 42,459,500 shares of Common Stock reported to be
outstanding as of April 30, 2008, by the Issuer in its Quarterly Report on Form
10-Q filed with the Securities and Exchange Commission on May 12, 2008.
SAC Capital Advisors, SAC Capital Management, CR Intrinsic Investors and
Mr. Cohen own directly no shares of Common Stock. Pursuant to investment
management agreements, each of SAC Capital Advisors and SAC Capital Management
hold all investment and voting power with respect to securities held by SAC
Associates. Pursuant to an investment management agreement, CR Intrinsic
Investors holds all investment and voting power with respect to securities held
by CR Intrinsic Investments. Mr. Cohen, through one or more intermediary holding
companies, controls SAC Capital Advisors, SAC Capital Management and CR
Intrinsic Investments. CR Intrinsic Investments is a
Page 9 of 12
wholly owned subsidiary of SAC Associates. By reason of the provisions of Rule
13d-3 of the Act, as amended, each of SAC Capital Advisors, SAC Capital
Management, and Mr. Cohen may be deemed to own beneficially no shares of Common
Stock (constituting 0% of the shares of Common Stock outstanding) and each of CR
Intrinsic Investors and Mr. Cohen may be deemed to own beneficially 2,350,000
shares of Common Stock (constituting approximately 5.5% of the shares of Common
Stock outstanding).
(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.
(i) SAC Capital Advisors has shared power to vote or direct the vote
and shared power to dispose or direct the disposition of no shares of
Common Stock, constituting 0% of such class of securities;
(ii) SAC Capital Management has shared power to vote or direct the
vote and shared power to dispose or direct the disposition of no shares of
Common Stock, constituting 0% of such class of securities;
(iii) CR Intrinsic Investors has shared power to vote or direct the
vote and shared power to dispose or direct the disposition of 2,350,000
shares of Common Stock, constituting 5.5% of such class of securities;
(iv) CR Intrinsic Investments has shared power to vote or direct the
vote and shared power to dispose or direct the disposition of 2,350,000
shares of Common Stock, constituting approximately 5.5% of such class of
securities; and
(v) Steven A. Cohen has shared power to vote or direct the vote and
shared power to dispose or direct the disposition of 2,350,000 shares of
Common Stock, constituting approximately 5.5% of such class of securities.
(c) Information concerning transactions in the shares of Common Stock
effected by the Reporting Persons during the past 60 days is set forth in
Schedule A hereto and is incorporated herein by reference. All of such
transactions were effected in open market transactions through various brokerage
entities on the New York Stock Exchange.
(d) No person other than SAC Capital Advisors, SAC Capital Management, CR
Intrinsic Investors, CR Intrinsic Investments and Steven A. Cohen is known 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 directly
beneficially owned by CR Intrinsic Investments and SAC Associates.
(e) Not applicable.
Page 10 of 12
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Other than as described herein, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) between the Reporting
Persons and any other person with respect to the securities of the Issuer.
The Reporting Persons may, from time to time, enter into and dispose of
cash-settled equity swaps or other similar derivative transactions with one or
more counterparties that are based upon the value of shares of Common Stock,
which transactions may be significant in amount. The profit, loss and/or return
on such contracts may be wholly or partially dependent on the market value of
the shares of Common Stock, the relative value of shares of Common Stock in
comparison to one or more other financial instruments, indexes or securities, a
basket or group of securities in which shares of Common Stock may be included,
or a combination of any of the foregoing. In addition to the shares of Common
Stock reported herein by the Reporting Persons, S.A.C. MultiQuant Fund, LLC
("SAC MultiQuant"), an affiliate of the Reporting Persons, currently has long
economic exposure to 21,000 shares of Common Stock and short economic exposure
to 4,200 shares of Common Stock through such contracts. SAC MultiQuant also
maintains an open short position on 8,200 shares of Common Stock. These
contracts do not give the Reporting Persons direct or indirect voting,
investment or dispositive control over any securities of the Issuer and do not
require the counterparties thereto to acquire, hold, vote or dispose of any
securities of the Issuer. Accordingly, the Reporting Persons disclaim any
beneficial ownership in any securities that may be referenced in such contracts
or that may be held from time to time by any counterparties to such contracts.
Item 7. Material to be filed as Exhibits.
1. Schedule A - Sixty Day Trading History
2. Exhibit 99.1 - Joint Filing Agreement
Page 11 of 12
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned, severally and not jointly,
certifies that the information set forth in this statement is true, complete and
correct.
Dated: May 16, 2008
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
CR INTRINSIC INVESTORS, LLC
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
CR INTRINSIC INVESTMENTS, LLC
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Schedule A
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SIXTY DAY TRADING HISTORY, ORIENT-EXPRESS HOTELS LTD.
Date Name Amount Price Per Share ($)
3/19/2008 CR Intrinsic Investments, LLC -10000 41.95
3/19/2008 CR Intrinsic Investments, LLC -7800 42.50
3/19/2008 CR Intrinsic Investments, LLC -100 42.505
3/19/2008 CR Intrinsic Investments, LLC -100 42.508
3/19/2008 CR Intrinsic Investments, LLC -1200 42.51
3/19/2008 CR Intrinsic Investments, LLC -100 42.515
3/19/2008 CR Intrinsic Investments, LLC -27 42.52
3/19/2008 CR Intrinsic Investments, LLC -100 42.525
3/19/2008 CR Intrinsic Investments, LLC -100 42.5275
3/19/2008 CR Intrinsic Investments, LLC -100 42.53
3/19/2008 CR Intrinsic Investments, LLC -300 42.535
3/19/2008 CR Intrinsic Investments, LLC -200 42.55
3/19/2008 CR Intrinsic Investments, LLC -100 42.56
3/19/2008 CR Intrinsic Investments, LLC -200 42.57
3/19/2008 CR Intrinsic Investments, LLC -100 42.60
3/19/2008 CR Intrinsic Investments, LLC -1700 42.61
3/19/2008 CR Intrinsic Investments, LLC -200 42.62
3/19/2008 CR Intrinsic Investments, LLC -200 42.625
3/19/2008 CR Intrinsic Investments, LLC -400 42.63
3/19/2008 CR Intrinsic Investments, LLC -100 42.67
3/19/2008 CR Intrinsic Investments, LLC -100 42.73
3/19/2008 CR Intrinsic Investments, LLC -400 42.75
3/19/2008 CR Intrinsic Investments, LLC -300 42.765
3/19/2008 CR Intrinsic Investments, LLC -700 42.77
3/19/2008 CR Intrinsic Investments, LLC -100 42.775
3/19/2008 CR Intrinsic Investments, LLC -300 42.78
3/19/2008 CR Intrinsic Investments, LLC -600 42.79
3/19/2008 CR Intrinsic Investments, LLC -100 42.795
3/19/2008 CR Intrinsic Investments, LLC -549 42.83
3/19/2008 CR Intrinsic Investments, LLC -900 42.84
3/19/2008 CR Intrinsic Investments, LLC -1450 42.90
3/19/2008 CR Intrinsic Investments, LLC -400 42.91
3/19/2008 CR Intrinsic Investments, LLC -200 42.915
3/19/2008 CR Intrinsic Investments, LLC -200 42.92
3/19/2008 CR Intrinsic Investments, LLC -100 42.93
3/19/2008 CR Intrinsic Investments, LLC -100 42.94
3/19/2008 CR Intrinsic Investments, LLC -300 42.95
3/19/2008 CR Intrinsic Investments, LLC -100 42.955
3/19/2008 CR Intrinsic Investments, LLC -400 42.96
3/19/2008 CR Intrinsic Investments, LLC -100 42.965
3/19/2008 CR Intrinsic Investments, LLC -400 42.97
3/19/2008 CR Intrinsic Investments, LLC -7300 43.00
3/19/2008 CR Intrinsic Investments, LLC -200 43.015
3/19/2008 CR Intrinsic Investments, LLC -100 43.02
3/19/2008 CR Intrinsic Investments, LLC -1200 43.0225
3/19/2008 CR Intrinsic Investments, LLC -200 43.025
3/19/2008 CR Intrinsic Investments, LLC -100 43.027
3/19/2008 CR Intrinsic Investments, LLC -800 43.05
3/19/2008 CR Intrinsic Investments, LLC -200 43.0501
3/19/2008 CR Intrinsic Investments, LLC -100 43.085
3/19/2008 CR Intrinsic Investments, LLC -200 43.11
3/19/2008 CR Intrinsic Investments, LLC -2100 43.12
3/19/2008 CR Intrinsic Investments, LLC -200 43.1201
3/19/2008 CR Intrinsic Investments, LLC -200 43.125
3/19/2008 CR Intrinsic Investments, LLC -300 43.13
3/19/2008 CR Intrinsic Investments, LLC -100 43.135
3/19/2008 CR Intrinsic Investments, LLC -400 43.14
3/19/2008 CR Intrinsic Investments, LLC -300 43.145
3/19/2008 CR Intrinsic Investments, LLC -600 43.15
3/19/2008 CR Intrinsic Investments, LLC -500 43.155
3/19/2008 CR Intrinsic Investments, LLC -200 43.16
3/19/2008 CR Intrinsic Investments, LLC -100 43.165
3/19/2008 CR Intrinsic Investments, LLC -200 43.1675
3/19/2008 CR Intrinsic Investments, LLC -500 43.17
3/19/2008 CR Intrinsic Investments, LLC -100 43.1701
3/19/2008 CR Intrinsic Investments, LLC -300 43.18
3/19/2008 CR Intrinsic Investments, LLC -200 43.19
3/19/2008 CR Intrinsic Investments, LLC -300 43.30
3/19/2008 CR Intrinsic Investments, LLC -100 43.305
3/19/2008 CR Intrinsic Investments, LLC -100 43.31
3/19/2008 CR Intrinsic Investments, LLC -900 43.32
3/19/2008 CR Intrinsic Investments, LLC -100 43.325
3/19/2008 CR Intrinsic Investments, LLC -100 43.335
3/19/2008 CR Intrinsic Investments, LLC -100 43.40
3/19/2008 CR Intrinsic Investments, LLC -100 43.405
3/19/2008 CR Intrinsic Investments, LLC -700 43.41
3/19/2008 CR Intrinsic Investments, LLC -100 43.4101
3/19/2008 CR Intrinsic Investments, LLC -600 43.415
3/19/2008 CR Intrinsic Investments, LLC -300 43.42
3/19/2008 CR Intrinsic Investments, LLC -300 43.43
3/19/2008 CR Intrinsic Investments, LLC -100 43.435
3/19/2008 CR Intrinsic Investments, LLC -400 43.44
3/19/2008 CR Intrinsic Investments, LLC -100 43.445
3/19/2008 CR Intrinsic Investments, LLC -400 43.46
3/19/2008 CR Intrinsic Investments, LLC -300 43.4601
3/19/2008 CR Intrinsic Investments, LLC -100 43.47
3/19/2008 CR Intrinsic Investments, LLC -200 43.4701
3/19/2008 CR Intrinsic Investments, LLC -500 43.48
3/19/2008 CR Intrinsic Investments, LLC -500 43.49
3/19/2008 CR Intrinsic Investments, LLC -600 43.50
3/19/2008 CR Intrinsic Investments, LLC -200 43.51
3/19/2008 CR Intrinsic Investments, LLC -1100 43.52
3/19/2008 CR Intrinsic Investments, LLC -600 43.535
3/19/2008 CR Intrinsic Investments, LLC -2300 43.55
3/20/2008 CR Intrinsic Investments, LLC -8900 42.30
3/20/2008 CR Intrinsic Investments, LLC -2500 42.33
3/20/2008 CR Intrinsic Investments, LLC -25000 42.35
3/20/2008 CR Intrinsic Investments, LLC -1600 42.40
3/20/2008 CR Intrinsic Investments, LLC -100 42.41
3/20/2008 CR Intrinsic Investments, LLC -100 42.47
3/20/2008 CR Intrinsic Investments, LLC -12600 42.50
3/20/2008 CR Intrinsic Investments, LLC -3800 42.51
3/20/2008 CR Intrinsic Investments, LLC -400 42.515
3/20/2008 CR Intrinsic Investments, LLC -1200 42.52
3/20/2008 CR Intrinsic Investments, LLC -200 42.525
3/20/2008 CR Intrinsic Investments, LLC -841 42.53
3/20/2008 CR Intrinsic Investments, LLC -1000 42.54
3/20/2008 CR Intrinsic Investments, LLC -100 42.55
3/20/2008 CR Intrinsic Investments, LLC -200 42.56
3/20/2008 CR Intrinsic Investments, LLC -100 42.58
3/20/2008 CR Intrinsic Investments, LLC -100 42.59
3/20/2008 CR Intrinsic Investments, LLC -1400 42.60
3/20/2008 CR Intrinsic Investments, LLC -1959 42.61
3/20/2008 CR Intrinsic Investments, LLC -1500 42.62
3/20/2008 CR Intrinsic Investments, LLC -500 42.64
3/20/2008 CR Intrinsic Investments, LLC -300 42.66
3/20/2008 CR Intrinsic Investments, LLC -200 42.67
3/20/2008 CR Intrinsic Investments, LLC -100 42.69
3/20/2008 CR Intrinsic Investments, LLC -100 42.70
3/24/2008 CR Intrinsic Investments, LLC -63400 43.30
3/24/2008 CR Intrinsic Investments, LLC -100 43.305
3/24/2008 CR Intrinsic Investments, LLC -1000 43.31
3/24/2008 CR Intrinsic Investments, LLC -300 43.32
3/24/2008 CR Intrinsic Investments, LLC -100 43.33
3/24/2008 CR Intrinsic Investments, LLC -100 43.35
3/24/2008 CR Intrinsic Investments, LLC -100 43.39
3/24/2008 CR Intrinsic Investments, LLC -380 43.40
3/24/2008 CR Intrinsic Investments, LLC -100 43.41
3/24/2008 CR Intrinsic Investments, LLC -100 43.42
4/16/2008 S.A.C. Capital Associates, LLC -15000 40.9984
4/24/2008 S.A.C. Capital Associates, LLC -20000 45.841
4/28/2008 S.A.C. Capital Associates, LLC -15000 47.072