<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
Crown Cork & Seal Company, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
4.50% Convertible Preferred, Due 2/26/00
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(Title of Class of Securities)
228255303
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 in 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).
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CUSIP No. 228255303 13G
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. E. Shaw Investments, L.P.
13-3470777
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
-0-
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
197,000
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
-0-
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
197,000
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
197,000
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.58%
________________________________________________________________________________
12 TYPE OF REPORTING PERSON*
BD
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP No. 228255303 13G
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. E. Shaw Securities, L.P.
13-3497780
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
-0-
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
535,800
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
-0-
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
535,800
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
535,800
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.31%
________________________________________________________________________________
12 TYPE OF REPORTING PERSON*
BD
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP No. 228255303 13G
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. E. Shaw Valence, L.P.
13-3701367
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
-0-
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
55,200
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
-0-
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
55,200
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
55,200
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.44%
________________________________________________________________________________
12 TYPE OF REPORTING PERSON*
BD
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP No. 228255303 13G
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David E. Shaw
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 5 SOLE VOTING POWER
-0-
SHARES
______________________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
788,000
OWNED BY
______________________________________________________________
EACH 7 SOLE DISPOSITIVE POWER
-0-
REPORTING
______________________________________________________________
PERSON 8 SHARED DISPOSITIVE POWER
788,000
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
788,000
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.34%
________________________________________________________________________________
12 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
________________________________________________________________________________
Item 1. (a) Name of Issuer:
Crown Cork & Seal Company, Inc. (the "Company")
(b) Address of Issuer's Principal Executive Offices:
One Crown Way
Philadelphia, PA
19154-4599
________________________________________________________________________________
Item 2. (a) Name of Person Filing:
D. E. Shaw Investments, L.P. ("Investments")
D. E. Shaw Securities, L.P. ("Securities")
D. E. Shaw Valence, L.P. ("Valence")
David E. Shaw ("David Shaw")
(b) Address of Principal Business Office:
120 West 45th Street
39th Floor, Tower 45
New York, NY
10036
(c) Citizenship:
Investments is a limited partnership organized under the laws of
the State of Delaware.
Securities is a limited partnership organized under the laws of
the State of Delaware.
Valence is a limited partnership organized under the laws of the
State of Delaware.
David Shaw is a citizen of the United States
(d) Title of Class of Securities:
4.50% Convertible Preferred, Due 2/26/00
(e) CUSIP Number:
228255303
________________________________________________________________________________
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [x] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund; see Section
240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section
240.13d-1(b)(1)(ii)(G)
(h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
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________________________________________________________________________________
Item 4. Ownership.
(a) Amount Beneficially Owned:
Investments: 197,000
Securities: 535,800
Valence: 55,200
David Shaw: 788,000
(b) Percent of Class:
Investments: 1.58%
Securities: 4.31%
Valence: 0.44%
David Shaw: 6.34%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or direct the vote
Investments: -0-
Securities: -0-
Valence: -0-
David Shaw: -0-
(ii) Shared power to vote or direct the vote
Investments: 788,000
Securities: 788,000
Valence: 788,000
David Shaw: 788,000
David Shaw owns directly no Shares. By reason of Rule 13d-3 under the
Securities Exchange Act of 1934 and by virtue of David Shaw's position
as President and sole shareholder of D.E. Shaw & Co., Inc., the general
partner of D.E. Shaw & Co., L.P., itself the general partner of
Investments, Securities, and Valence, David Shaw may be deemed to own
beneficially 788,000 Shares, comprising the 197,000 Shares owned
directly by Investments, 535,800 Shares owned directly by Securities,
and the 55,200 Shares owned directly by Valence. Therefore, David Shaw
may be deemed to beneficially own approximately 6.34% of the
outstanding shares. David Shaw disclaims beneficial ownership of such
788,000 Shares.
________________________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
________________________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
No person other than each respective owner and general partner referred
to herein is known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds of the sale of, the
Shares.
________________________________________________________________________________
Item 7. Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on By the Parent Holding Company.
Not applicable
<PAGE>
________________________________________________________________________________
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 D.E. Shaw Investments, L.P., D.E. Shaw Securities,
L.P., D.E. Shaw Valence, L.P., and David E. Shaw certify that, to the
best of their knowledge and belief, the securities referred to above
were acquired in the ordinary course of business, and were not acquired
for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction
having such purpose or effect.
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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.
February 15, 2000
D.E. SHAW INVESTMENTS, L.P.
By: D.E. SHAW & CO., L.P.
General Partner
By: /s/ Stuart Steckler
---------------------------
(Signature)
Stu Steckler/
Managing Director
(Name/Title)
D.E. SHAW SECURITIES, L.P.
By: D.E. SHAW & CO., L.P.
General Partner
By: /s/ Stuart Steckler
---------------------------
(Signature)
Stuart Steckler/
Managing Director
(Name/Title)
D.E. SHAW VALENCE, L.P.
By: D.E. SHAW & CO., L.P.
General Partner
By: /s/ Stuart Steckler
---------------------------
(Signature)
Stuart Steckler/
Managing Director
(Name/Title)
DAVID E. SHAW
/s/ David E. Shaw
---------------------------
(Signature)
<PAGE>
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this
statement is true, complete, and correct. A power of attorney, dated
January 4, 1997, granted by David Shaw in favor of Stuart Steckler, is
attached hereto.
February 15, 2000
D.E. Shaw Investments, L.P.
By: D.E. Shaw & Co., L.P. as
General Partner
By: /s/ Stuart Steckler
------------------------
Stuart Steckler
Managing Director
D.E. Shaw Securities, L.P.
By: D.E. Shaw & Co., L.P. as
General Partner
By: /s/ Stuart Steckler
------------------------
Stuart Steckler
Managing Director
D.E. Shaw Valence, L.P.
By: D.E. Shaw & Co., L.P. as
General Partner
By: /s/ Stuart Steckler
------------------------
Stuart Steckler
Managing Director
David E. Shaw
By: /s/ Stuart Steckler
------------------------
Stuart Steckler
Attorney-in-Fact for David E. Shaw
<PAGE>
POWER OF ATTORNEY
FOR CERTAIN FILINGS
UNDER THE SECURITIES EXCHANGE ACT OF 1934
I, DAVID E. SHAW, hereby make, constitute and appoint each of:
Lou Salkind,
Stu Steckler,
Anne Dinning and
Danny Fishbane,
acting individually, as my agent and attorney-in-fact, with full power of
substitution, for the purpose of, from time to time, executing in my name, my
individual capacity and/or my capacity as President of D.E. Shaw & Co., Inc.
(acting for itself or as the general partner of D.E. Shaw & Co., L.P.) all
documents, certificates, instruments, statements, other filings and amendments
to the foregoing (collectively, "documents") determined by such person to be
necessary or appropriate to comply with ownership or control-person reporting
requirements imposed by any United States or non-United States governmental or
regulatory authority, including without limitation Forms 3, 4, 5, 13D, 13F and
13G required to be filed with the Securities and Exchange Commission; and
delivering, furnishing or filing any such documents with the appropriate
governmental or regulatory authority. Any such determination shall be
conclusively evidenced by such person's execution and delivery, furnishing or
filing of the applicable document.
This power of attorney shall be valid from the date hereof.
IN WITHNESS WHEREOF, I have executed this instrument as of the date set forth
below.
Date: January 14, 1997
- ------------------------------------
/s/ David E. Shaw
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David E. Shaw
New York, New York
