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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
CPX CORP.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001
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(Title of Class of Securities)
126 16N 100
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(CUSIP Number)
January 27, 2000
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(Date of event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required 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).
Page 1 of 8 Pages
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CUSIP No. 12616N100
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Gabriel Capital Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)[x]
(b)[ ]
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3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 441,515
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
441,515
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
441,515
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.0%
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12 TYPE OF REPORTING PERSON (See Instructions)
CO
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Page 2 of 8 Pages
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CUSIP No. 12616N100
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
J. Ezra Merkin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)[x]
(b)[ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
299,282
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 441,515
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 299,282
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
441,515
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
740,797
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions) [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
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12 TYPE OF REPORTING PERSON (See Instructions)
IN
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Page 3 of 8 Pages
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Item 1. (a) Name of Issuer:
CPX Corp.
(b) Address of Issuer's Principal Executive Offices:
150 East 52nd Street, 21st Floor
New York, New York 10022
Item 2. (a) (b)(c) Name of Person Filing; Address of Principal Business
Office or, if none, Residence; Citizenship:
This Schedule 13G is being filed jointly by Gabriel Capital
Corporation, a Delaware corporation ("Gabriel Capital") and the Investment
Advisor of Ariel Fund Limited, a Cayman Islands corporation ("Ariel Fund"), and
J. Ezra Merkin ("Merkin"), the General Partner of Gabriel Capital L.P., a
Delaware limited partnership ("Gabriel"). Merkin is also the sole shareholder,
sole director and president of Gabriel Capital. Gabriel Capital and Merkin are
hereinafter sometimes referred to collectively as the "Reporting Persons." The
business address of each of Gabriel, Gabriel Capital and Merkin is 450 Park
Avenue, New York, New York 10022 and the business address of Ariel Fund is c/o
Maples & Calder, P.O. Box 309, Grand Cayman, Cayman Islands, British West
Indies. Merkin is a United States Citizen.
(d) Title of Class of Securities:
Common Stock, $.0001 par value
(e) CUSIP Number:
12616N100
Item 3. If this statement is filed pursuant to s.240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance
with s.240.13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with s.240.13d-1(b)(1)(ii)(F).
Page 4 of 8 Pages
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(g) [ ] A parent holding company or control person in
accordance withss.240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with s.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership:
(a) Amount Beneficially Owned: 740,797*
(b) Percent of Class: 5.1%*
(c) Number of Shares as to which the person has:
(i) sole power to vote or direct the vote -0-
(ii) shared power to vote or direct the vote 740,797*
(iii) sole power to dispose or direct the disposition of -0-
(iv) shared power to dispose or direct the disposition of
740,797*
*See Attachment A
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:
NOT APPLICABLE
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Control Person:
NOT APPLICABLE
Item 8. Identification and Classification of Members of the Group:
NOT APPLICABLE
Page 5 of 8 Pages
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Item 9. Notice of Dissolution of Group:
NOT APPLICABLE
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
Page 6 of 8 Pages
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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.
GABRIEL CAPITAL CORPORATION
By: /s/ J. Ezra Merkin
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Name: J. Ezra Merkin
Title: President
/s/ J. Ezra Merkin
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J. EZRA MERKIN
Date: February 4, 2000
Page 7 of 8 Pages
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ATTACHMENT A
As of February 1, 2000, Gabriel is the holder of 299,282 shares of
Common Stock, or 2.0% of the outstanding shares of Common Stock. As of February
1, 2000, Ariel Fund is the holder of 441,515 shares of Common Stock, or 3.0% of
the outstanding shares of Common Stock. Gabriel and Ariel Fund are managed
investment vehicles and neither is the beneficial owner of said shares. Gabriel,
as Investment Advisor to Ariel Fund, has the power to vote and to direct the
voting of and the power to dispose and direct the disposition of the 441,515
shares of Common Stock owned by Ariel Fund. Accordingly, Gabriel may be deemed
to be the beneficial owner of 441,515 shares of Common Stock, or 3.0% of the
outstanding shares of Common Stock. As the General Partner of Gabriel, Merkin
has the power to vote and to direct the voting of and the power to dispose and
direct the disposition of the 299,282 shares of Common Stock owned by Gabriel.
In addition, as the sole shareholder and president of Gabriel, Merkin may be
deemed to have the power to vote and to direct the voting of and the power to
dispose and direct the disposition of the 441,515 shares of Common Stock owned
by Ariel Fund. Accordingly, Merkin may be deemed to be the beneficial owner of
740,797 shares of Common Stock, or 5.1% of the outstanding shares of Common
Stock.
Page 8 of 8 Pages
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AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended, the undersigned hereby agree to the joint filing with
all other persons signatory below of a statement on Schedule 13G or any
amendments thereto, with respect to the Common Stock of CPX Corp., and that this
Agreement be included as an attachment to such filing.
This Agreement may be executed in any number of counterparts
each of which shall be deemed to be an original and all of which together shall
be deemed to constitute one and the same Agreement.
IN WITNESS WHEREOF, the undersigned hereby execute this
Agreement on the 4th day of February, 2000.
GABRIEL CAPITAL CORPORATION
By: /s/ J. Ezra Merkin
------------------------------
Name: J. Ezra Merkin
Title: President
/s/ J. Ezra Merkin
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J. EZRA MERKIN
