SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 3)*
Daisytek International Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
234053106
(CUSIP Number)
Stephen M. Schultz, Esq., Kleinberg, Kaplan, Wolff & Cohen, P.C., 551 Fifth
Avenue, New York, New York 10176
Tel: (212) 986-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July 14, 2000
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 the following pages)
<PAGE>
SCHEDULE 13D
Page 9 of 8
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Elliott Associates, L.P.
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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7. SOLE VOTING POWER
159,000
8 SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
159,000
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
159,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.9%
14. TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Westgate International, L.P.
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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7. SOLE VOTING POWER
0
8. SHARED VOTING POWER
159,000
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
159,000
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
159,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.9%
14. TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Elliott International Capital Advisors, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[x]
(b)[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
00
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
7. SOLE VOTING POWER
0
8. SHARED VOTING POWER
159,000
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
159,000
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
159,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.9%
14. TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This statement is filed pursuant to Rule 13d-2(a) with respect to the
shares of common stock (the "Common Stock") of Daisytek International
Corporation (the "Issuer") beneficially owned by Elliott Associates, L.P.
("Elliott"), Westgate International, L.P. ("Westgate") and Elliott International
Capital Advisors, Inc. ("International Advisors," and together with Elliott and
Westgate, the "Reporting Persons") as of July 31, 2000 and amends and
supplements the Schedule 13D dated June 9, 2000, as amended on June 12, 2000 and
June 16, 2000 (the "Schedule 13D"). Except as set forth herein, the Schedule
13D, as previously amended, is unmodified.
ITEM 3. Source and Amount of Funds or Other Consideration.
The source and amount of funds used by Elliott in making its purchases
of the shares of Common Stock beneficially owned by it are set forth below:
SOURCE OF FUNDS AMOUNT OF FUNDS
Working Capital $1,978,040
The source and amount of funds used by Westgate in making its purchases
of the shares of Common Stock beneficially owned by it are set forth below:
SOURCE OF FUNDS AMOUNT OF FUNDS
Working Capital $2,110,539
ITEM 5. Interest in Securities of the Issuer.
(a) Elliott beneficially owns 159,000 shares of Common Stock,
constituting .9% of all of the outstanding shares of Common Stock.
Westgate and International Advisors beneficially own an aggregate of
159,000 shares of Common Stock, constituting .9% of all of the outstanding
shares of Common Stock.
(b) Elliott has the power to vote or direct the vote of, and to dispose
or direct the disposition of, the shares of Common Stock beneficially owned by
it.
Westgate has the shared power with International Advisors to vote or
direct the vote of, and to dispose or direct the disposition of, the shares of
Common Stock owned by Westgate. Information regarding each of Westgate and
International Advisors is set forth in Item 2 of this Schedule 13D and is
expressly incorporated by reference herein.
(c) The following transactions were effected by Elliott during the past
sixty (60) days:
Approx. Price per
Amount of Shs. Share (excl. of
Date Security Bought (Sold) commissions)
---- -------- ------------- ------------------
6/14/00 Call Opt (12,500) $ 1.56*
6/14/00 Put Opt (12,500) $ 1.31*
6/20/00 Call Opt 18,000 $ .38*
6/21/00 Common (2,000 $10.31
6/21/00 Common (21,500) $ 9.71
6/22/00 Common (5,450) $ 9.94
6/23/00 Common (1,600) $ 9.88
6/26/00 Common (1,800) $ 9.13
6/27/00 Common (5,000) $ 8.69
7/07/00 Common (1,000) $ 6.50
7/12/00 Common 20,000) $ 6.11
7/12/00 Common 15,000) $ 6.00
7/13/00 Common (1,250) $ 6.50
7/13/00 Common (5,000) $ 6.50
7/14/00 Common (75,000) $ 6.58
7/14/00 Put Opt 6,900 $ 7.50*
7/14/00 Put Opt 28,000 $ 1.26*
7/14/00 Put Opt 41,000 $ 1.30*
7/18/00 Common (150,000) $ 7.08
7/19/00 Comm (50,000) $ 7.38
7/20/00 Co (75,000) $ 7.06
7/21/00 Commo (2,500) $ 7.00
7/24/00 Put Opt 5,600 $ 7.50*
7/24/00 Put Opt 3,400 $ 1.28*
7/24/00 Put Opt 2,200 $ 1.28*
Elliott effected the above transactions on NASDAQ, except those marked
with an asterisk, which were executed on the AMEX.
The following transactions were effected by Westgate during the past
sixty (60) days:
Approx. Price per
Amount of Shs. Share (excl. of
Date Security Bought (Sold) commissions)
---- -------- ------------- ------------------
6/14/00 Call Opt (12,500) $ 1.56*
6/14/00 Put Opt (12,500) $ 1.31*
6/20/00 Call Opt 18,000 $ .38*
6/21/00 Common (2,000) $10.31
6/21/00 Common (21,500) $ 9.71
6/22/00 Common (5,450) $ 9.94
6/23/00 Common (1,600) $ 9.88
6/26/00 Common (1,800) $ 9.13
6/27/00 Common (5,000) $ 8.69
7/07/00 Common (1,000) $ 6.50
7/12/00 Common (20,000) $ 6.11
7/12/00 Common (15,000) $ 6.00
7/13/00 Common (1,250) $ 6.50
7/13/00 Common (5,000) $ 6.50
7/14/00 Common (75,000) $ 6.58
7/18/00 Common (150,000) $ 7.08
7/19/00 Common (50,000) $ 7.38
7/20/00 Common (75,000) $ 7.06
7/21/00 Common (2,500) $ 7.00
7/24/00 Put Opt 12,500 $ 7.50*
7/24/00 Put Opt 7,500 $ 1.28*
7/24/00 Put Opt 5,000 $ 1.28*
Westgate effected the above transactions on NASDAQ, except those
marked with an asterisk, which were executed on the AMEX.
No other transactions that have not been previously reported were
effected by either Elliott or Westgate during the past sixty (60) days.
(d) No person other than Elliott has 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 beneficially owned by Elliott.
No person other than Westgate and International Advisors has 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 beneficially owned by Westgate and
International Advisors.
(e) The Reporting Persons ceased to be the beneficial owners of an
aggregate of 5% or more of the outstanding shares of Common Stock on July 14,
2000.
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned each certifies that the information with respect to it set forth
in this statement is true, complete and correct.
Dated: July 31, 2000
ELLIOTT ASSOCIATES, L.P.
By: Elliott Capital Advisors, L.P.,
as General Partner
By: Braxton Associates, Inc.,
as General Partner
By: /s/ Elliot Greenberg___
Elliot Greenberg
Vice President
WESTGATE INTERNATIONAL, L.P.
By: Elliott International Capital
Advisors, Inc., as attorney-in-fact
By: s/s Elliot Greenberg___
Elliot Greenberg
Vice President
ELLIOTT INTERNATIONAL CAPITAL ADVISORS, INC.
By: s/s Elliot Greenberg___
Elliot Greenberg
Vice President
